WE SHOULD DO THESE ACTIVITIES AT MONTH END . 1.IF ANY RECURRING ENTRIES TH

what is month end activities pls explain briefly

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Answer Posted / kiran

WE SHOULD DO THESE ACTIVITIES AT MONTH END .
1.IF ANY RECURRING ENTRIES THEN WE SHOULD POST POSTINGS.
2.WE SHOULD POST MONTH END ENTRIES LIKE (SALARIES ,RENT
ETC....PROVISIONS).
3.CLOSING THE PRESENT PERIOD AND OPENING NEW PERIOD.

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