Closing Entries Cheat Sheet
Closing Entries Cheat Sheet
Closing Entries Cheat Sheet
Master the final step of the Accounting Cycle with this one-page, printable Closing Entries cheat sheet. This visual study guide shows you how to reset Temporary Accounts to zero and transfer their balances to Retained Earnings at the end of an accounting period.
What is in the Cheat Sheet?
You’ll learn:
What Closing Entries are and why they’re essential in accounting.
The difference between Temporary Accounts and Permanent Accounts.
Two methods to post closing entries: the Short Way and the Long Way.
The role of the Income Summary account.
This cheat sheet is a must-have quick reference for learning, revision or day-to-day use in the workplace.
How will I receive my Cheat Sheet?
The Closing Entries Cheat Sheet is a digital product. After completing your purchase you'll receive an email. It will contain a link to download a pdf file.
If you run into any issues then please contact me here. I’ll get back to you as soon as possible.
All prices are in USD.
This pdf was carefully put together to summarize all of the key information from my Closing Entries video on one page.
All digital products are copyright © Accounting Stuff Pty Ltd. For personal use by the original purchaser only. Reproduction, redistribution or resale in any form is prohibited.
In this accounting tutorial you'll learn how Closing Entries work with an example.
