Financial Accounting Discussion Questions!
**** There is no minium word count for these questions. They DO NOT need to be in APA Format! **** ( I attached chapter for reference)
DQ# 1
What are the four closing journal entries? Why are these necessary?
DQ#2
What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?
