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  3. understand how to record the adjusting and closing

Understand how to record the adjusting and closing entries in order to be able to...

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Accounting

  • Understand how to record the adjusting and closing entries in order to be able to close the companys accounting books.
  • Understand how to prepare the companys financial statements: Balance Sheet, Income Statement and Statement of Retained Earnings.
  • Acquire a thorough understanding of the companys accounting cycle and the importance of all the procedures to be able to determine the companys final net income and its financial situation in the Balance Sheet

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