/biz/ - Business & Finance

OP here. So i just learned that basically i should have learned all this by Accounting Cycle order.

1. Collecting money documents
2. Putting them into Journals (debits and Credits) (recording dates)
3. Make a General Ledger (fucking T charts for every account)
--------These three have absolutely fucking nothing to do with the next steps-------
4. Make ur income statement
5. Make a Statement of shareholders equity. Basically using the I/S
6. the balance sheet. Basically, a device to make information prettier for faggots.
7. Cash Flows. Because the only thing that matters is cash anyway.
-----bullshit steps-----
8. Zero out temporary accounts
9. Set up journal entries for next year


....How the fuck does zero'ing out temp accounts even work??? Youre literally making up money just to zero them out

hey OP. Thats pretty cool. Sorry i didnt see your thread.

Do you have a twitter or discord i could follow so i can catch all the pumps you shill? I want to make money. You can tell me and i promise i wont go blabbing so we can both be rich!