At the end of the accounting year, prepare the general journal to close out the sales account
Question:
At the end of the accounting year, prepare the general journal to close out the sales account in the general ledger to the trading account (also in the general ledger). Post the journal to the accounts shown in figure 9.7 and balance them.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
Question Posted: