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ddd [48]
3 years ago
6

There are four closing entries: The first one is to close ___________________. The second one is to close __________________. Th

e third one is to close __________________. The fourth one is to close ___________________.
Business
1 answer:
arlik [135]3 years ago
8 0

Answer:

Revenues, expenses, income summary, dividend or withdraws account

Explanation:

The closing entries for the following accounts are presented below:

1. Service Revenue A/c Dr XXXXX

                To Income Summary XXXXX

(Being revenue account closed)

2. Income summary A/c Dr XXXXX

           To Expense A/c XXXXX

(Being expenses accounts are closed)

3. Income summary A/c Dr XXXXX

               To Retained earning XXXXX

(Being the difference is credited to retained earning that reflected as a profit)

4. Retained earnings A/c Dr XXXXX

      To Dividend A/c XXXXX

(Being dividend account is closed)

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Out of the following choices given, the term that describes the seller's ability and desire to seel good and services is called demand. The answer will be B.
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A dollar today is worth ______ a dollar in the future because it can be reinvested. Multiple choice question. the same as more t
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A dollar in the present day is worth less than that of the dollar in the future, because of returns generated over reinvestment.

<h3>What is reinvestment?</h3>

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Hence, the significance of reinvestment is given above.

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Maintenance, which was about 18 of the total budget less than it spent on administrative personnel. The amount spent on administ
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Answer:

the remaining budget for other expenses = 1/8 of the total budget

Explanation:

Since the city's administrative personnel expenses are 1/8 larger than both maintenance expenses and safety expenses, it means that safety expenses are equal to maintenance expenses.

Since maintenance expenses are 1/4 of the total budget, safety expenses are also 1/4 of the total budget.

Administrative personnel expenses are 1/8 higher, so that means that they equal 1/4 + 1/8 of the total expenses.

If we add the three categories = 1/4 + 1/4 + (1/4 + 1/8) = 7/8

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Benchmarking: allows industry participants to develop industry-wide standards. synchronizes the business processes of customers,
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Answer:

compares the efficiency and effectiveness of your business processes against strict standards.

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<span>a. True

An accrued expense is an expense that exists in the books before it is paid off and it's a liability. It's a periodic and documented expense, and they are the opposite of prepaid expenses. A salary owed to employees is an example of an accrued expense.</span>
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