Answer:
Must be journalized and posted.
Explanation:
Closing entries are journal entries that is made at the end of an accounting period. It involves the transfer of balances of a temporary account to a permanent account.
Organisations employ the use of closing entries to reset the balances of temporary accounts to zero.
Closing entries are carried out to bring back the revenue, expense, and drawing temporary account balances to zero in preparation for a fresh accounting period.
Answer:
In any market economy, business plays a huge role. Business is the engine of an economy. Business provides jobs that allow people to make money and goods and services that people can buy with the money they make. Without business, the economy would be very inefficient and/or very primitive.
Explanation:
Answer:
C.
Explanation:
Based on the scenario being described within the question it can be said that in this circumstance the note is not negotiable because the note states the reason for the debt. Since the reason it stated it proves as to why the money needs to be paid to the individual and must therefore be paid in full on the date that has been listed.
