Lecture Fundamental accounting principles - Chapter 4: Completing the accounting cycle
Lecture Fundamental accounting principles - Chapter 4: Completing the accounting cycle
After studying this chapter you will be able to understand: Where do we get the amounts to enter in the Unadjusted Trial Balance columns of a work sheet? What are the advantages of using a work sheet to help prepare adjusting entries? What are the overall benefits of a work sheet? What are the major steps in preparing closing entries?...