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Author Question: Dividends, revenues and expenses are temporary accounts. Indicate whether the statement is true ... (Read 51 times)

jake

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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

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Reply #1 on: Jul 5, 2018
Answer to Question 1

TRUE

Answer to Question 2

closing


jake

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

Perkypinki

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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