A simple, aesthetic useful cheat sheet that includes the steps for closing transfers and how to approach each adjustment you might have to solve in an easy manner. Only document you’ll ever need for accounting adjustments and closing transfers. Also includes some tips on contra-accounts, figuring out which account is debited or credited or has a debit or credit balance in the trial balance. Use the Debit: ADE and Credit: LIC to see which accounts increase or decrease on which side. Approved by...