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Ch04 - Completing the accounting cycle đã chuyển đổi
Ch04 - Completing the accounting cycle đã chuyển đổi
Cash
Supplies
Furniture
…….
Cash
Supplies
Furniture
…….
1/2/2020 8
4.2. Completing the accounting cycle
Nợ Revenues
Có Income Summary
Nợ Income Summary
Có Expenses
1/2/2020 14
4.4. Post-closing trial balance
• The accounting cycle can end with a post-closing trial balance
• This optional step lists the accounts and their adjusted balances
after closing
• Only assets, liabilities and capital accounts appear on the post-
closing trial balance
• No temporary accounts are included (revenues, expenses,
drawings)