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Is it possible to prepare interim financial statements without journalizing and posting adjusting and closing entries? How?

Is it possible to prepare interim financial statements without journalizing and posting adjusting and closing entries? How?

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Question added by Edgar Mejia , School Head , DepEd Sorsogon
Date Posted: 2014/10/07
SATHISHKUMAR M SATHISHKUMAR
by SATHISHKUMAR M SATHISHKUMAR , PRODUCTION ENGINEER , Kali MHS Private Ltd, Kumbakonam

NO. WITHOUT CLOSING AND PASSING ENTRIES WE CAN'T PREPARE INTERIAM FINANCIAL STATEMENTS

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