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Chapter 4 Accounting Cycle Form

Chapter 4 Accounting Cycle Form

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good day everyone welcome back to this course introduction to financial accounting one today we are discussing chapter four um which is mainly focused on completing the accounting cycle the learning objectives for this chapter as we always start with those is to prepare a worksheet as you may see i put a red line across this one because we're not covering how to prepare a worksheet the second learning outcome is to explain the process of closing the books and then we're going to try to describe the content and purpose of a post-closing trial balance if you guys remember i've told you that throughout the accounting cycle we go through three trial balances the first one is the unadjusted trial balance and then after we record our adjusting entries we create what is called the adjusted trial balance and here we're gonna look at the third one the post-closing trial balance the fourth learning outcome is to state the required steps in the accounting cycle whi

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