The ending balance on the Trial Balance does not match the Balance Sheet. What is going on here? Have any of you ever experienced this frustration? I’m sure you have. There is a valid explanation for this discrepancy: mock close. As a refresher, mock...
Mock Close, Mock Close, what does this mean and how does it affect me? This term is actually very important and pertains to the way the Balance Sheet, Income Statement, and some other reports reflect ending account balances. So what is a mock close? Mock...