Project 3
1. Project 3
Project 3: Closing Entries
Project Introduction
At the end of a fiscal period, a business needs to update its records and prepare its books for the next fiscal period.
In this project there will be two training sessions to complete the accounting cycle.
- Journalizing Closing Entries
- Posting Closing Entries and the Post-Closing Trial Balance
Take a look at Step 7 and Step 8 in the Interactive Accounting Cycle. Then, continue on to Training Room 1, where Sakineh will step you through how to journalize closing entries.
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