Chapter 5 — Completing the Accounting Cycle

Chapter 5 Outline

5.0  Why It Matters

LO 5.1  Describe and Prepare Closing Entries for a Business

LO 5.2  Prepare a Post-Closing Trial Balance

LO 5.3  Apply the Results from the Adjusted Trial Balance to Compute Current Ratio and Working Capital Balance, and Explain How These Measures Represent Liquidity

LO 5.4  Appendix: Complete a Comprehensive Accounting Cycle for a Business

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Financial Accounting adapted by SPSCC Copyright © 2020 by OpenStax is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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