What are the four steps in the closing process


Discussion

Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.

Describe the year-end closing process.

What are the four steps in the closing process? Provide an example journal entry for each.

What is the difference between temporary and permanent accounts?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

Chapter 4 in the textbook below, please cite your references

Miller-Nobles, T. L., Mattison, B. L., & Matsumura, E. M. (2018). Horngren's accounting (12th ed.).

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Accounting Basics: What are the four steps in the closing process
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