- 42.1 Understanding Period-End Close Tasks. The specific process for closing an accounting period is unique to every company. Your organization should develop its own detailed closing tasks and include them in your internal documentation. This list includes common tasks that most companies perform for an accounting period close: Enter period-end ...
- 4-6 ANSWERS TO QUESTIONS 01. No. A work sheet is not a permanent accounting record. The use of a work sheet is an optional step in the accounting cycle.
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