Differing types of accounting exist simply because corporations have various fiscal requires. As an example, public companies are necessary by legislation to employ Typically Accepted Accounting Principles (GAAP), even though private companies might use any accounting technique that fits their wants. Closing journal entries are made at 12 months-finish to https://knoxozhu6.qowap.com/92572316/the-2-minute-rule-for-big-4