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Accounting Cycle for a Manufacturing Company

Accounting Cycle for a Manufacturing Company - Similarly...

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Accounting Cycle for a Manufacturing Company The accounting cycle for a manufacturing company is the same as for a merchandising company when companies use a periodic inventory system. The journalizing and posting of transactions is the same, except for the additional manufacturing inventories and manufacturing cost accounts.
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Unformatted text preview: Similarly, the preparation of a trial balance and the journalizing and posting of adjusting entries are the same. Some changes, however, occur in using a worksheet and in preparing closing entries....
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