8. Closing Entries
Closing entries, also known as closing the books, are journal entries made at the end...
9. Post-Closing Trial Balance
A post-closing trial balance is a report that lists the balances of all permanent accounts...
13. Accounting Errors
Accounting errors are mistakes or unintentional omissions made in the recording, classifying, or summarizing of...
14. Accounting Worksheet
An accounting worksheet is a tool used in the accounting process to assist in the...
15. Accruals & Pre-payments
Accruals and prepayments are accounting concepts that relate to the recognition of revenue and expenses...