Glencoe Accounting

Chapter 20: Completing the Accounting Cycle for a Merchandising Corporation

Working in the Real World

Preparing closing entries by hand can be a time-consuming process. Automated accounting systems like QuickBooks perform this task behind the scenes in a fraction of the time. Take a minute to read how an automated system handles "closing" at www.sleeter.com/newsletters/mar2002/closingtheyear.htm.

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