Entries required to clear or zero the balances of temporary ...

[Sportsfan2111]

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

[ErinKing]

Answer to Question 1

c

Answer to Question 2

TRUE

[Sportsfan2111]

Thanks for the timely response, appreciate it

[flexer1n1]

TYSM