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Venison 20181: Banking Services
BY
VENISON UNIVERSITY COLLEGECLOSING DATE:
CLOSING TIME:
CLOSING METHOD:July 6, 2018
16:30:00:00
Electronic Submission (Dropbox)Venison University
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What is closing method?
Closing method is a financial process used to finalize the books and records of a business for a specific accounting period.
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All businesses that operate on an accrual basis are required to file closing method.
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The purpose of closing method is to summarize a business's financial activities for a specific period and prepare for the next accounting cycle.
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Closing method typically includes details of revenue, expenses, gains, losses, and any other relevant financial data for the accounting period.
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