Chapter five: financial statements

About the section: In this section, you will learn how to prepare the final financial statements and close the accounts properly. What you will learn: Preparing the income statement Preparing the balance sheet Closing journal entries Approved references in the explanation: Primary reference: The book "Financial Accounting according to International Financial Reporting Standards" translated by the Saudi Organization for Certified Public Accountants. Secondary reference: The book "Fundamentals of Accounting" by the author Wobel Alwabel.