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Question - closing and post-closing trial balance

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Reference no: EM132916605

Question - Closing and Post-closing Trial Balance

What are the four journal entries that you must make as part of the closing process?

What is the post-closing trial balance and how does it differ from the trial balance?

What does it mean when a company "closes it books" and why is it important for every company?

Reference no: EM132916605

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