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Close expense accounts - PowerPoint PPT Presentation

Chapter Five

Chapter Five. Closing Entries and the Post-Closing Trial Balance. Performance Objectives. List the steps in the accounting cycle Journalize and post closing entries for a service enterprise Prepare a post-closing trial balance

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Completing the Accounting Cycle

Completing the Accounting Cycle. Chapter 4. Prepare an accounting work sheet. Objective 1. The Accounting Cycle. The accounting cycle is the process by which accountants prepare financial statements for an entity for a specific period of time. The Accounting Cycle.

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Close expense accounts - PowerPoint PPT Presentation

Chapter Five

Completing the Accounting Cycle