Term
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Definition
| journal entries recorded to update general ledger accounts at the end of a fiscal period |
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Term
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Definition
| accounts used to accumulate information from one fiscal period to the next |
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Term
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Definition
| accounts used to accumulate information until it is transferred to the owner's capital account |
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Term
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Definition
| journal entries used to prepare temporary accounts for a new fiscal period |
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Term
| Post-closing trial balance |
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Definition
| a trial balance prepared after the closing entries are pothed |
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Term
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Definition
| the series of accounting activities included in recording financial information for a fiscal period |
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