Closing Closing is a step of selling process in where a salesperson asks the customer for an order after handling the prospect’s objections.
Post-closing trial balance The post-closing trial balance is a list of permanent accounts and their balances after a company has journalized and posted of closing entries.
Closing entries Closing entries referred as entries that made at the end of an accounting period to transfer the balances of temporary accounts to a permanent owner’s equity account...
Closing the books At the end of the accounting period, the company makes the accounts ready for the next period. This is called closing the books. In closing the books, the company...