Accounting cycle, It is the final step in the accounting

Accounting cycle

Assignment Help Financial Accounting

Reference no: EM133209401

It is the final step in the accounting cycle. You are at the end of the month, and you have to reset the temporary accounts prior to the new period starting. You have to do the closing entries in order to do this. Please close the appropriate accounts using the journal and ledgers again. Make sure to do a post-closing trial balance to ensure you are still in balance after the closing is done. Continue to use the excel templates provided. Be sure to double check that all temporary accounts are properly closed and not reflected on the post-closing.

Reference no: EM133209401

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