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Explain the process of closing the books. 209 Review question 43 Starters 48 p210 Review question 44 Exercises 42 p211 Review question 45 Exercises 47 p213 Review question 46 Exercises 412 p215 Review question 46 Continuing problem 47 p222 References CPA Australia.

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PERMANENT ACCOUNTS BALANCE SHEET ACCOUNTS ARE NOT CLOSED AT THE END OF THE PERIOD AND ARE CARRIED FORWARD. In chapter 10 you will complete the accounting cycle for a sole proprietorship. Turn in completed activities as directed by instructor. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy Safety How YouTube works Test new features Press Copyright Contact us Creators. 208 Review question 42 Starters 44 p. The use of a work sheet is an optional step in the accounting cycle.

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