[Answered] Dividends, revenues and expenses are temporary accounts. Indicate whether the statement is true ...

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jake

Hero Member
Posts: 538

on: Jul 5, 2018

Dividends, revenues and expenses are temporary accounts.

Indicate whether the statement is true or false

Question 2

The ___________________ _ process gives zero balances to the temporary accounts so that they can accumulate information for the next accounting period.
Fill in the blank(s) with correct word

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asware1

Sr. Member
Posts: 318

Reply #1 on: Jul 5, 2018

Answer to Question 1

TRUE

Answer to Question 2

closing

jake

Member
Posts: 538

Reply 2 on: Jul 5, 2018

Gracias!

kthug

Member
Posts: 332

Reply 3 on: Yesterday

TYSM

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