WebClosing entries are journalized and posted to the ledger. arrow_forward Steps that begin with analyzing source documents and conclude with the post-closing trial balance are called the (a) closing process. (b) accounting cycle. (c) adjusting entries. WebTop Answer. Closing entries: They are journalized at the completion of the accounting period to close or zero out all the temporary accounts and data is moved to permanent …

Closing entries - explanation, process and example

WebBusiness Accounting Closing entries a.must be journalized and posted b.need not be journalized if adjusting entries are prepared c.need not be posted if the financial statements are prepared from the end-of-period spreadsheet d.are not needed if adjusting entries are prepared WebSep 26, 2024 · Answer: Closing entries: " must be journalized and posted ". Explanation: Closing entries are those registrations that are ALWAYS made at the end of an accounting period because it cancels the balance of all temporary accounts to transfer them to permanent accounts. blood collection nshealth

Answered: Closing entries a.must be journalized… bartleby

WebWhat are Closing Entries? Closing entries, also called closing journal entries, are entries made at the end of an accounting period to zero out all temporary accounts and transfer their balances to permanent accounts. … WebSee Page 1. Closing entries __________. A. need not be journalized since they appear on the worksheet B. need not be posted if the financial statements are prepared from the worksheet C. are not needed if adjusting entries are prepared D. … WebSep 26, 2024 · Answer: Closing entries: " must be journalized and posted ". Explanation: Closing entries are those registrations that are ALWAYS made at the end of an … free consultation microsoft advertising