PRIOR PERIOD ERRORS (Application) Posted on April 8, 2020 by reiborn TRY THIS PRACTICE SET. GOODLUCK. JUST CLICK THE LINK https://forms.gle/Ub4RMPtoMzZxtjwm6 Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Like Loading... Related
Sir, what if ang gi ask is How much is the effect on retained earnings before closing? and Working capital before closing? 😀 Reply ↓
If before closing do not include the current year income for RE coz wala pa naclose but for working capital already include the effect of current year..but most of the problem basta silent kay assume naclose na ang nominal accounts to RE Reply ↓
REIBORN 
Sir, what if ang gi ask is
How much is the effect on retained earnings before closing?
and Working capital before closing? 😀
If before closing do not include the current year income for RE coz wala pa naclose but for working capital already include the effect of current year..but most of the problem basta silent kay assume naclose na ang nominal accounts to RE
Ahhhh Thank you sir!!!