Title: Perform end-of-period activities for a partnership.
Course: Accounting, Advanced (12104-II) > Section: Implementing Accounting for a Partnership

Performance should include preparation of

- a worksheet
- a trial balance
- adjusting entries
- closing entries
- a post-closing trial balance
- a Statement of Partners’ Equity for inclusion on the balance sheet
- a Statement of Corporate Owner’s Equity, if appropriate
- other financial statements (e.g., retained earnings, cash flow, balance sheet, income statement).