基础会计(英文版)(第二版)Chapter04AccountingCycleIIIClosingEntriesandPost-closingTrialBalance教学教材演示幻灯片.pptVIP

Chapter 4; 2 more “follow-up” steps ;Closing Entries;If Debit balance ;Temporary-equity accounts VS permanent accounts; Assets = Liabilities + Capital + Revenue – Expenses – Drawing Permanent accounts Temporary accounts Open Closed;The Closing Procedure;Income Summary involved in the first three steps;Step 1 Closing the Revenue Accounts;Step 2 Closing the Expense Accounts;Journalizing the Closing Entries;Posting the Closing Entries;Preparing the Post-closing Trial Balance;Example: The post-closing trial balance of Guangl