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Author Question: A model is a complex representation of a simple entity or phenomenon. Indicate whether the ... (Read 66 times)

newyorker26

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on: Jul 5, 2018
A model is a complex representation of a simple entity or phenomenon.
  Indicate whether the statement is true or false

Question 2

After you have closed an entity's books, what happens to the account balances?
 
  a. all asset accounts will have zero balances
  b. none of the accounts will have zero balances
  c. all liability accounts will have zero balances
  d. the revenue and expense accounts will have zero balances


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makaylafy

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

F

Answer to Question 2

d


newyorker26

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

xiazhe

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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