Accounting Chapter 8 Vocabulary
Terms in this set (6)
Journal entries recorded to update general ledger accounts at the end of a fiscal period.
Accounts used to accumulate information from one fiscal period to the next.
Accounts used to accumulate information until it is transferred to the owner's capital account.
Journal entries used to prepare temporary accounts for a new fiscal period.
Post-closing Trial Balance
A trial balance prepared after the closing entries are posted.
The series of accounting activities included in recording financial information for a fiscal period.
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