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Explain the process of closing the books and describe the content and purpose of a post-closing...

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Accounting

Explain the process of closing the books and describe thecontent and purpose of a post-closing trial balance. Answer in ourown words and must be at least 200 words.

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Closing the books is a procedure that happens each month and at the end of each year Accountants follow a rigorous procedure to make sure that accounting books are cleaned The closing process consists of three main steps 1 Identify temporary accounts that need to be closed 2 Record closing entries 3 Prepare the post closing    See Answer
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