There are two closing entries. the first one is to close _; the second one is to close _.

1 answer:

6 0

I believe the answer is revenue; expense
Revenue and expense in accounting should be separated from each years of operations (because it is only a temporary account). Which means, that everytime a company enter a new operating year, all the expense and revenue from last year must be closed to avoid confusion.

You might be interested in

Is the extent to which a person observes her/his own self-expressive behavior and adapts it to the situation. extraversion consc

polet [3.4K]

/////// “ self-monitoring “///////

8 0

4 years ago

What protected the nile river on the east and west from invaders?

blagie [28]

The natural barriers that protected Egypt from invasion were the Mediterranean Sea that borders the country to the north, the numerous rapids and waterfalls, known as cataracts, that formed the upper southern section of the Nile river, the expansive deserts to the east and west, and the massive Sahara Desert

7 0

3 years ago

Which Supreme Court decision was rendered invalid by the landmark civil rights case Brown v. Board of Education?

hram777 [196]

The answer is plessy v Ferguson.

8 0

3 years ago

Read 2 more answers

Suppose you're in charge of establishing economic policy for this small island country.Which of the following policies would lea

Montano1993 [528]

Answer:

The correct answer is Subsidizing research and development into new weaving technologies.

Explanation:

Human capital and investment in Research and Development are considered the two main drivers of productivity accross nations. The weaving industry is labor-intensive, but does not require highly qualified workforce, thus, an economic policy focused on education might not have a direct impact on productivity. Investing on R&D might be a better policy since it might lead to improving production techniques and increased productivity in the long term.

5 0

3 years ago

Identify 2 pieces of evidence that prove that the Earth was one big continent called Pangea.

Karolina [17]

Answer:

Explanation:

Evidence of existence

Additional evidence for Pangaea is found in the geology of adjacent continents, including matching geological trends between the eastern coast of South America and the western coast of Africa. The polar ice cap of the Carboniferous Period covered the southern end of Pangaea.

6 0

3 years ago

There are two closing entries. the first one is to close _____; the second one is to close _____.

There are two closing entries. the first one is to close _; the second one is to close _.