The Closing Process in Accounting

In this video, we delve into the intricacies of the closing process, a crucial set of procedures executed as an accounting period draws to a close. This systematic approach involves a series of steps/entries aimed at ensuring the accuracy and integrity of financial records as well as setting the stage for the next accounting period.

After completion of this module, try this Closing Entries knowledge check activity:  Accounting Closing Entries Knowledge Check | eCampusOntario H5P Studio