1. After graduating from Berkeley College and passing your CPAexam, you have opened up an accounting firm that offers tax andconsulting services to clients. You have just picked up a newclient who is very anxious about his expenses. The client considershis in house accounting services to be too high and he feels thathe could save some time and money in that area by telling hisaccounting staff not to do closing entries. It is your job, in thisdiscussion, to explain to your new client the importance of doingthe closing entries and why they are worth doing.
2. Please tell us about permanent and temporary accounts. Pleaselet us know which financial statement contains the permanentaccounts and which one contains the temporary accounts. Please listthe 4 closing entries.
Don't forget that you are required to provide an APA formattedreference for your initial post. When responding to classmates,please include information from Chapter 4 in your eText regardingthe accounting cycle and/or the closing entries.
Please remember that you must enter at least 3 meaningful poststo this discussion board.
1. After graduating from Berkeley College and passing your CPAexam, you have opened up an accounting firm that offers tax andconsulting services to clients. You have just picked up a newclient who is very anxious about his expenses. The client considershis in house accounting services to be too high and he feels thathe could save some time and money in that area by telling hisaccounting staff not to do closing entries. It is your job, in thisdiscussion, to explain to your new client the importance of doingthe closing entries and why they are worth doing.
2. Please tell us about permanent and temporary accounts. Pleaselet us know which financial statement contains the permanentaccounts and which one contains the temporary accounts. Please listthe 4 closing entries.
Don't forget that you are required to provide an APA formattedreference for your initial post. When responding to classmates,please include information from Chapter 4 in your eText regardingthe accounting cycle and/or the closing entries.
Please remember that you must enter at least 3 meaningful poststo this discussion board.
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