Financial Statements and Closing Procedures
The badge recipient developed the ability and knowledge to prepare various statements from the worksheet and journalize various types of entries.
[Quiz] Earners of this badge were tested on their knowledge of the objectives listed below (13-1 to 13-7).
13-1 Prepare a classified income statement from the
worksheet.
13-2 Prepare a statement of owner’s equity from the
worksheet.
13-3 Prepare a classified balance sheet from the worksheet.
13-4 Journalize and post adjusting entries.
13-5 Journalize and post the closing entries.
13-6 Prepare a postclosing trial balance.
13-7 Journalize and post reversing entries.
Earners of this badge are students enrolled in a basic accounting and bookkeeping course offered by Community Action Partnership of Providence (CAPP). This badge is part of a group of badges that can be found here:
http://www.badgelist.com/Accounting-Bookkeeping-CourseThe administrative account that grants this badge is owned and operated by Community Action Partnership of Providence (CAPP). Other CAPP badges can be found here:
http://www.badgelist.com/u/CAPPFor more information about this class and/or one of the many other services/programs offered by CAPP to Providence residents please visit
http://www.cappri.org/
Community Action Partnership of Providence
518 Hartford Avenue | Providence, Rhode Island 02909
Tel. 401.273.2000 | Fax. 401.228.3078 |
http://www.cappri.org/