The Accounting Cycle: Prepare Closing Entries (Financial Accounting Series)

| October 14, 2012 | 0 Comments

This financial accounting tutorial addresses the last part of the accounting cycle — closing entries. We explore how closing the books involves transferring the balances of the revenue, expense, and dividend accounts to retained earnings and the reasons behind these transfers. Using debits and credits, this tutorial will take you step-by-step through the all of the transactions. Subscribe: ** Ninjanotes is privately owned and exclusive to Our products and services are not associated with any other “ninja” products or business tutorial/test prep material. ** Sign Up for the NinjaNotes Website: Like us on Facebook: Follow us on Twitter: We appreciate all of the support you have given us! Be apart of the mission to help us reach more students of accounting by subscribing, thumbs upping and adding the videos to your favorites!
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