1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mrs_skeptik [129]
2 years ago
7

Sequence the steps for closing entries.

Business
1 answer:
____ [38]2 years ago
3 0

Step 1: A

Step 2: D

Step 3: C

Step 4: B

Explanation:

Sequence for the steps to close entries:

  1. close the service revenue account by transferring funds to income summary account
  2. close the operating expenses account by transferring funds to income summary account
  3. close the income summary account by transferring funds to retained earnings account
  4. close the dividends account by transferring funds to retained earnings account
You might be interested in
What is a wrong reason for wanting to start your own business?
Ksju [112]

Answer:

All of the above

Explanation:

Those are all the wrong reasons for starting your own business. Your business almost certainly will fail if you start it based on any of those reasons.

6 0
2 years ago
Karen doesn’t like driving to the local bank branch, but doesn’t think that it is secure to do financial transactions on her pho
timofeeve [1]
It would probably be best to choose online banking and only use her local bank when necessary.
8 0
2 years ago
Read 2 more answers
A marketing manager had a goal to improve market share for his paper plates by 2 percent in the coming year, and he felt he’d ne
IgorLugansk [536]

Answer:

The correct option is (A)

Explanation:

Social media campaign for the most part, relies upon the marketing goals and objectives of an organisation. The manager has applied objective and task budgeting technique to allocate resources towards marketing campaigns to achieve specific objectives. It is a better option to allocate resources rather than to wait and spend arbitrary money.

8 0
2 years ago
Internal controls that should be applied when a business takes a physical count of inventory should include all of the following
irina1246 [14]

Answer:

e) Counters of inventory should be those who are responsible for the inventory.

Explanation:

Having different people do the physical counting of inventory guarantees the integrity of the count. The staff in charge of inventory are probably aware of any variances as they conduct regular checks. Having different people count eliminates the possibility of number manipulation by the staff responsible for the stock.

Before a stock count, all operations should be halted. Items received during the stock count should be separated and not counted. There should be a document giving instructions to staff to ensure consistency.

As a measure of internal control, all stocks should be identified with a numbered tag. The supervisor should ensure proper tagging has been done. Where possible, counters will be organized in teams of two so that each item goes through two counts. Assign groups to count items which are not in their direct responsibility. Should there be a variance, a separate team should be allowed to counter check.

8 0
3 years ago
Hearing an alarm → waking up → on schedule for getting to work on time is an example of a complex discrimination. question 4 opt
m_a_m_a [10]
No, that's not a true statement. It's false.


(:
7 0
3 years ago
Read 2 more answers
Other questions:
  • What are the disadvantages of choosing the lease? Check all that apply.
    14·2 answers
  • MangiareBuono, a supermarket chain, has asked Fiorello to supply it with 30,000 gallons of Top Quality Oil at a price of $8 per
    15·1 answer
  • Why does a company need to close its accounting books? Select one: a. Training in the system is finished. b. Storage space is li
    14·1 answer
  • In _____ of the implementation phase of the systems development life cycle (sdlc), the old and new systems run simultaneously fo
    15·1 answer
  • In January 2016, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
    8·1 answer
  • Dirk required surgery for a kidney impairment. His total bill for medical services was $50,000. Dirk has a medical expense polic
    5·1 answer
  • On a financial television show, paz hears the announcer say that the country is currently experiencing a high inflation rate. ho
    12·1 answer
  • Settings in which development occurs, which are influenced by historical, economic, social, and cultural factors, are called ___
    7·1 answer
  • as a country develops economically from being very low income to higher income, what are the most important changes that occur i
    6·1 answer
  • if government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and paul to pay $10,000 in tax on ann
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!