III. After addressing the above topics, additional topics you can incorporate into your weekly homework...
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Accounting
III. After addressing the above topics, additional topics you can incorporate into your weekly homework assignment:
- Why do companies go through a closing process? What accounts are closed in that process? Are they really closed and erased from the accounting system?
- Discuss the additional accounting issues faced by merchandisers/retailers that service companies do not address.
- What does a system of internal controls achieve? (You can apply this to internal controls over cash, or a general discussion of internal controls.)
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