Balance Sheet Closing - Transferring the credit balances in the. Having a zero balance in these accounts. Web closing, or clearing the balances, means returning the account to a zero balance. Web the four basic steps in the closing process are:
Having a zero balance in these accounts. Transferring the credit balances in the. Web closing, or clearing the balances, means returning the account to a zero balance. Web the four basic steps in the closing process are: