ACC 290 Lecture Notes - Lecture 14: Information System, Cash Flow, Erectile Dysfunction
Document Summary
Throughout our own 3rd 7 days associated with course, all of us discovered tips on how to complete away the particular ways from the construction period. All of us labored on planning shutting plus curing records, creating the particular post-closing test stability plus generating the particular monetary claims. Shutting records, curing records plus post-closing test stability. Shutting records move the total amount from the short-term balances (i. electronic. , income, costs plus dividends) in to the maintained revenue accounts simply by debiting the particular short-term accounts plus crediting the particular maintained revenue accounts. You will find 4 varieties of shutting records: one close up the particular income balances towards the revenue overview accounts second . Shut the cost balances towards the revenue overview accounts. Shut the particular revenue overview accounts towards the maintained cash flow accounts four. Shut the particular payouts accounts towards the maintained cash flow accounts.
