ACC 290T Wk 5 Discussion - Closing the Books | eBooks | Education

ACC 290T Wk 5 Discussion - Closing the Books

ACC 290T Wk 5 Discussion - Closing the Books PLDZ-13542
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ACC 290T Wk 5 Discussion – Closing the Books

 

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other student or faculty posts.

 

Due Friday

An initial post must be posted by Friday. Please respond to the following questions:

What are the steps in the closing process? How and why is the income summary account used in this process? Are all accounts closed out or just certain accounts? Why? What final step do we complete to ensure the accounts are still in balance after closing?

Due Monday

You may utilize your additional 2+ posts to reply to your classmates’ original posts. I also encourage you to post about any personal experience you might have with this week’s topic. Do you have any special tasks you have to do with your job at the end of the month or end of the year that might link to this closing process? You can also utilize these posts to ASK questions! If you are unsure about any of the new terminology or any of the topics from the text, please use these discussions to learn.

EXPECTATIONS

There are no formal word count requirements for these posts, however, they must be substantive. This means I will not be counting the typical throw away post….. “I really like your post, Joe. It really helped me understand ____x__ topic this week”. You actually will need to add something meaningful to the discussion in order to get credit for participation in the discussions. TRUST me it will help.

 

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