Glencoe AccountingChapter 20:
Completing the Accounting Cycle for a Merchandising CorporationWorking in the Real WorldPreparing 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. |