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STATE OF MARYLAND DEPARTMENT OF ASSESSMENTS AND TAXATION PERSONAL PROPERTY DIVISION FORM 4A 16 20 Balance Sheet Form 4A Name of Business Department ID Number Beginning of Period month / WITHIN MARYLAND
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How to fill out end of period
How to fill out end of period
01
Gather all the financial reports and documents related to the period.
02
Review the income statement, balance sheet, and cash flow statement for the period.
03
Ensure all transactions and expenses are properly recorded and classified.
04
Calculate the net income or loss for the period.
05
Prepare adjusting entries, if necessary, to correct any errors or omissions.
06
Close revenue and expense accounts to the income summary account.
07
Transfer the net income or loss to the retained earnings or owner's equity account.
08
Close the temporary accounts and update the balance sheet.
09
Prepare financial statements for the period.
10
Review and analyze the financial statements to assess the performance and financial position of the business.
11
File the end of period financial statements for future reference and analysis.
Who needs end of period?
01
Business owners and managers
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Accountants and bookkeepers
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Investors and shareholders
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Lenders and creditors
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Government agencies for regulatory purposes
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Financial analysts and consultants
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What is end of period?
The end of period refers to the conclusion of a specific time frame, such as a fiscal quarter or year.
Who is required to file end of period?
Businesses, organizations, and individuals who are required to report financial information may need to file an end of period report.
How to fill out end of period?
The end of period report can be filled out electronically or in paper form, depending on the requirements of the reporting entity.
What is the purpose of end of period?
The purpose of the end of period report is to provide a summary of financial activities and performance during a specific time frame.
What information must be reported on end of period?
The end of period report typically includes financial statements, income and expenses, cash flow, and other relevant financial data.
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