Closing Process

Closing Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Accounts for Closing ,[object Object],[object Object]

Four Step Process ,[object Object],[object Object],[object Object],[object Object]

Post-Closing Trial Balance ,[object Object],[object Object],[object Object],[object Object]

Classified Balance Sheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Classification Groups ,[object Object],[object Object],[object Object]

Current Ratio ,[object Object],[object Object],[object Object],[object Object],Current Ratio = Current Assets Current Liabilities

Homework ,[object Object],[object Object],[object Object],[object Object]

Alternate Correction ,[object Object],Paid two weeks salary including three days accrued in January 900 270 630 Salaries Payable Salaries Expense Cash Feb. 9 Credit Debit PR Account Titles and Explanation Date

Closing Process

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Closing Process