This topic contains a solution. Click here to go to the answer

Author Question: Dividends, revenues and expenses are temporary accounts. Indicate whether the statement is true ... (Read 26 times)

jake

  • Hero Member
  • *****
  • Posts: 538
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asware1

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

TRUE

Answer to Question 2

closing




jake

  • Member
  • Posts: 538
Reply 2 on: Jul 5, 2018
Wow, this really help


scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Excellent

 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

For a complete list of videos, visit our video library