Describe the four steps in the closing process.
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Steps in the closing process Step 1 Close revenues to income ...View the full answer
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Armen Shahinyan
My name is Armen. I have an MBA degree. Among subjects taught are Financial Accounting, Managerial Accounting, Basic Accounting, Audit Technique and Revision of the Accounts, IFRS Framework, Internal Audit, and others. I will be glad to teach different topics of accounting, particularly from the scope of basic, financial, or managerial. Following three main aspects or phases will help to move on the road to efficiency and perfection; including, careful planning, step-by-step coverage, and follow-up on conceptual and computational implications. Motivation should be present all the time for achieving excellence. With time, you more methodically and comprehensively recognize the strength of the sayings, like “Knowledge and experience are powers”, as well as “Knowledge is light” or “Practice makes perfect”.
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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