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This illustrates that in the operating process the company has a balanced exchange of goods such as costs incurred and goods spent. Shows the total balance or expense of each account at the end of the period. You can also interpret the closing journal at the end of the accounting period as on existing accounts. Temporary accounts are useful for separating cost accounts and expense accounts.

The closing report makes it easier to group these accounts into the sms gateway usa companys balance sheet As comparative data. From the data obtained from the previous period you can compare how your company is performing in the current period. Present real financial information the true financial value of the company. As initial balance sheet data for the following period.

Steps in conducting Closing Journals lakukan dalam membuat jurnal penutup. Apa saja langkahlangkahnya Hal yang paling pertama kamu harus lakukan adalah merekam semua akun pendapatan yang ada dalam perusahaan kamu Selanjutnya kamu perlu melakukan hal yang sama terhadap seluruh pengeluaran dan hutang diperiode ini Setelah kamu lakukan penutupan berdasarkan perbandingan antara debit dan keredit dari masingmasing akun yang ada.