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Describe the year-end closing process

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Reference no: EM132164152

Question: Prior to beginning work on this discussion, read Chapter 4 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).

Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.

Describe the year-end closing process.

What are the four steps in the closing process? Provide an example journal entry for each.

What is the difference between temporary and permanent accounts?

Chapter 4 in the textbook below, please cite your references

Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018). Horngren's accounting (12th ed.).

Reference no: EM132164152

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