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Cashier Positions and Social Security's Grid Rules. Whether your prior cashier job is classified as unskilled (SVP 1-2), semi-skilled (SVP 3-4) or skilled (SVP 5-6) can determine whether you're eligible for disability benefits under SSA's grid rules.
Without completing such closing entries, a companyâs income statement accounts are not ready to record revenue and expense transactions for the next accounting period, and the amount of retained earnings is not correctly stated, causing the balance sheet to be unbalanced.