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 93 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
Thanks for the timely response, appreciate it


bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

For a complete list of videos, visit our video library