PROCEDURE FOR OPENING, MAINTAINING, AND CLOSING ACCOUNTING ACCOUNTS

This article analyzes the theoretical and practical aspects of opening, maintaining, and closing accounting accounts. It highlights the central role of accounts in the financial reporting system, the importance of their proper organization, and the processes carried out based on current legislation and standards. The paper examines the formation of initial data when opening accounts, the continuous and systematic recording of operations during their maintenance, and the mechanisms for closing accounts at the end of the reporting period. The study emphasizes the significance of these processes in ensuring the transparency and reliability of financial accounting. The findings demonstrate how these procedures contribute to the accuracy of financial statements and serve as a basis for decision-making.