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What are journal entries that bring the accounts up to date at the end of the accounting period called?

closing entries


What are the journal entries that bring the account up to date at the end of the accounting period called?

closing entries


What are journal entries that are made to update accounts at the end of a period called?

Retained earnings


What is columnar journal?

A Columnar Journal is an alternative journal form that is designed with special columns for entries to accounts which are used often and an 'Other Accounts' column for entries to accounts for which a special column has not been provided. Columnar Journals can also be called 'Synoptic Journals' and/or 'Combination Journals'.


How do you journalize adjusting entry license future year?

Journal Entries recorded to update general ledger accounts at the end of a fiscal period are called adjusting entries.


The procedure of transferring journal entries to the ledger accounts is called?

The whole process of transferring entries from journal to ledger is called posting process.


What is a entries?

It is usually called a diary or journal entry.


An accounting record of the balances of all assets and liabilities and equity accounts is called a.compound entry. b. general journal. c. general ledger. d. chart of accounts?

c. General Ledger


What is a journal voucher?

The entries such as "Rectification Entries", "Adjustment Entries", "Closing or Opening Entries" and Making or Providing for estimates are passed through an internal document called Journal Voucher. Book Entries are classified as: 1) Purchase Order Based Entries - Booking expenses and liability via GRN against a P.O 2) Sales Order Based Entries - Booking Sales & Scrap Sales 3) Treasury Entries - Entries involving Bank or Cash 4) Debit Notes 5) Credit Notes 6) Journal Entries Journal Voucher is the document through which the Journal Entries are made into the books.


What was Anne's journal's name?

Anne simply called her journal "my diary", but addressed all entries in her diary to "Kitty".


Why is Journal Proper called Journal Proper?

because it is the only subsdiary book where proper journal entries are passed . those entries which could not have been passed in any other subsdiary book because it is the only subsdiary book where proper journal entries are passed . those entries which could not have been passed in any other subsdiary book because it is the only subsdiary book where proper journal entries are passed . those entries which could not have been passed in any other subsdiary book


What is an accounting cycle and how does it help in the accounting process?

ACCOUNTING CYCLE : An accounting cycle is a complete sequence beginning with the recording of the transactions and ending with the preparation of the final accounts.The sequential steps involved in an accounting cycle are as follows : 1.jounalizing,2.posting,3.balancing.4.trail balance,5.income statement(trading & profit & loss account to ascertain the profit or loss for the accounting period),6.position statement(balance sheet) ACCOUNTING PROCESS IS ALSO CALLED ACCOUNTING CYCLE. ACCOUNTING PROCESS : It consists of the following stages/helps : 1.recording of entries for all business transactions in journal. 2.posting of entries into ledger. 3.balancing of accounts. 4.preparing of trail balance with the help of different accounts to know the arithmetical accuracy. 5.preparing final accounts with the the help of trial balance.----trading & profit and loss account to know the profit or loss.-----balance sheet to know the financial position (of a company for year end or a period)