Author Question: Entries required to clear or zero the balances of temporary accounts at the end of the year are ... (Read 105 times)

Sportsfan2111 · **on:** Jul 6, 2018

Entries required to clear or zero the balances of temporary accounts at the end of the year are called ____________ entries.
a. adjusting
b. journal
c. closing
d. clearing

Question 2

Compensatory damages are meant to compensate a negligence of defendant, while punitive damages are meant to punish intentional nonperformance of duties by a defendant.

Indicate whether the statement is true or false