Accounting Cycle Simplified: A Step-by-Step Guide for Businesses
The post-closing trial balance is used to demonstrate the equality of the balances carried over from one accounting period to the next in permanent accounts. Following the journalizing http://profile-edu.ru/kompyuter-kak-sovremennoe-texnicheskoe-sredstvo-obrabotki-informacii-page-5.html and posting of closing entries, the post-closing trial balance shows the permanent accounts and their balances. Words used to describe the double-sided nature of financial transactions. …
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