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The following is the adjusted trial balance of Yadi Business Consulting at the end of 2022 . Required: 1) Prepare closing entries for Yadi Business
The following is the adjusted trial balance of Yadi Business Consulting at the end of 2022 . Required: 1) Prepare closing entries for Yadi Business Consulting.(No explanation is required). 2) Prepare a post-closing trial balance at December 31,2022. Part B.(6.marks ) a) Explain why closing entries are a necessary step in the accounting cycle. b) Discuss the purpose of a post-closing trial balance. The following is the adjusted trial balance of Yadi Business Consulting at the end of 2022 . Required: 1) Prepare closing entries for Yadi Business Consulting.(No explanation is required). 2) Prepare a post-closing trial balance at December 31,2022. Part B.(6.marks ) a) Explain why closing entries are a necessary step in the accounting cycle. b) Discuss the purpose of a post-closing trial balance
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