How to Post & Close Journal Entries?

Answer Posting and closing journal entries refers to the closing process in accounting. This process is conducted at the end of a fiscal year in order to prepare the accounting records for the next year. ... Read More »

Top Q&A For: How to Post & Close Journal Entries

How to Capitalize on an Expenditure in Journal Entries?

Large business asset purchases are not recorded as expenses and written off during the purchase year. Because such assets have a useful life extending beyond the year of purchase they are capitaliz... Read More »

How to Make Journal Entries for Bookkeeping?

Bookkeeping is the practice of maintaining accurate and up-to-date records of a business's transactions to enable transparency and accountability. It is also a requirement by law as it enables accu... Read More »

How to Convert Bonds to Stock Journal Entries?

Businesses raise capital in several ways. They can sell stock, which allows stockholders to become partial owners, or they can issue bonds, which can provide a stream of income to investors. There ... Read More »

Can you cross out a journal entry in your notary journal?

A notary journal should reflect an accurate, chronological record of a notary's activity. Attempting to conceal or destroy entries is illegal and can result in fines, along with damages by the affe... Read More »