The Accounting Cycle by Sharoon Victor https://padlet.com/sharoonvictor1234/vlb8hnmhhyke Made with a dash of wit en-us 2018-06-22 07:00:44 UTC 2018-06-22 07:51:42 UTC hello@padlet.com Journal Entries sharoonvictor1234 https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268192917 Entries based on the transaction of Day-to-Day Business]]> 2018-06-22 07:03:09 UTC https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268192917 Ledger sharoonvictor1234 https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268193353 Used to store Balance sheet and income statement transactions]]> 2018-06-22 07:08:00 UTC https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268193353 Unadjusted Trial Balance sharoonvictor1234 https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268194636 Listing of general ledger account balances at the end of reporting period]]> 2018-06-22 07:21:15 UTC https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268194636 Adjusting Entries sharoonvictor1234 https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268195385 Converts company's accounting records to the accrual basis of accounting]]> 2018-06-22 07:28:19 UTC https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268195385 Adjusted trial Balance sharoonvictor1234 https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268195677 It ensures that total debit equals the total credits in the financial records]]> 2018-06-22 07:31:00 UTC https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268195677 Financial Statements sharoonvictor1234 https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268195971 It shows the financial position of the company]]> 2018-06-22 07:34:41 UTC https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268195971 Closing Entries sharoonvictor1234 https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268196377 Step 1: Close revenue accounts
Step 2: Close expense accounts
Step 3: Close income summary account
Step 4: Close dividends accounts]]> 2018-06-22 07:39:50 UTC https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268196377 Post Closing Trial Balance sharoonvictor1234 https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268196711  list of all accounts and their balances after the closing entries have been journalized and posted to the ledger.]]> 2018-06-22 07:43:12 UTC https://padlet.com/sharoonvictor1234/vlb8hnmhhyke/wish/268196711