Preparing the Closing Entries | Case Analysis Illustration

Step 7 of the Accounting Cycle is preparing the closing entries before period-end to close nominal accounts to zero.
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[jennycabamongan]

It is easier to learn about Closing Entries after seeing this illustration. I also value T-account's willingness to assist in any way possible. I'm grateful.

[princezharlvillar]

I now have a better understanding of the procedures involved in closing entries thanks to this video presentation. I appreciate your thorough explanation and the example, sir.

[julianapauyo]

Done watching! This illustration of Closing Entries makes it more understandable to learn. I also appreciate how T-account is helpful in any possible way it may need. Thank you.

[danicajanejavier]

Thank you for this one sir! Super helpful po sa pagrereview kasi mas lalo ko pong naintindihan yung closing entries with the help of the provided case analysis lalo na po at before may mga parts kung saan nalilito po talaga ako.

[jasperjamespalo]

This video lecture has helped me understand more about the steps involved in closing entries. Thank you, sir, for your detailed explanation and for including an illustration.

[janabanana]

The steps in preparing the closing entries was explained clearly using the adopted illustration. I was able to understand the lesson in a short time thanks to this video lecture sir!

[rubeneusebio]

This video lecture really helps me a lot to go back and review what I learned when I was in SHS about the process of closing entries. Thank you, sir

[sashenkadignum]

Done watching! This helped me familiarize the steps in closing entries. It explained well how to close the temporary accounts and the T-account also made it easy to follow the steps of closing entries.

[davefermaran]

Thank you for this lecture, sir. I learned that the first step in preparing a closing entry is to identify the details and determine whether they belong on the balance sheet or the income statement. I'm a little confused about this lesson, but as I keep watching, I gradually catch up; thanks to his explanation, I can understand it clearly, and thanks to the example, I can get an idea of what he wants to say or illustrate, especially when making closing entries.

[nicolemargarettiponodonado]

This video lecture taught me how to do to closing process properly with the steps you gave last video lecture. Thank you, sir.

[Heartyyyyyyyy]

Done watching po sir. When it comes time to prepare your closing entries, there are a few things you want to keep in mind. It is important to remember the 4 step of closing entry as it will be useful to zero out the temporary accounts. Thank you po sir A!

[ariannejoycemoreno]

Done watching, sir. This video lecture really helps me a lot to go back and review what I learned when I was in SHS about the process of closing entries. Thank you, sir, for the smooth discussion.

[irishlacaba]

At first, I was a little puzzled by the topic, but this case study illustration really helped me to better comprehend the procedure for closing entries. Thankyou Sir

[nicolettegertrudechavez]

Done watching sir! This case analysis illustration of closing entries really helped on how to do make and analyze closing entries more. Thank you for this!

[lawrencemayores]

Sir, thank you for this lecture. The first step in preparing a closing entry, I discovered, is to identify the details and decide whether they belong on the balance sheet or the income statement. I'm a little confused about this lesson, but as I keep watching, I gradually catch up; thanks to his explanation, I understand it clearly, and thanks to the example, I get a sense of what he wants to say or illustrate, especially when making closing entries. Big A for the efforst Sir A💚

[ashvylljamaicapattung]

Thank you sir! This video lecture was engaging to watch. It is simpler to comprehend because of the step-by-step instructions. It provided clear instructions on how to close temporary accounts, and the T-account also made it simpler to follow the steps involved in closing entries. Lastly, I also learned how to compute the ending balance.

[dianecadisal]

Sir A, I'm done watching! I appreciate the information and this kind of conversation. I'm done with watching these videos. I appreciate your thorough explanation and the example, sir.

[levjeremetalavera]

Done watching Sir A! I was able to fully understand how to make closing entries easier after seeing this video.

[windelmatthewfelix]

Good Day sir, I already watch this video lecture last week but a forgot to leave a comment, This video lesson was quite interesting watching. The walk directions make it easier to understand. It gave me clear instructions on how to shut temporary accounts, and the T-account simplified the tasks required in closing entries. I also learned how and where to determine the closing equity.

[joshuajaeredrino]

Done Watching sir, the lecture exercise for closing entries is great. I learned how to prepare closing entries by following the four steps also the exercise helps me to understand more about how closing entries work. Thank you!