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adelina 88 [10]
3 years ago
14

Why does a company need to close its accounting books? Select one: a. Training in the system is finished. b. Storage space is li

mited. c. Companies need to zero out certain accounts to start anew for the next period. d. Certain financial statements take too much time.
Business
1 answer:
Illusion [34]3 years ago
5 0

Answer:

Correct option is (c)

Explanation:

Organizations empty all temporary accounts at the end of the year and transfer the balance to retained earnings. Permanent accounts on the contrary, are not closed at the end of the year. They are carried forward to the next year.

As such, companies need to close accounting books at the end of the year as these temporary accounts are closed. Some temporary accounts are revenue and expenses.

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True And False
trasher [3.6K]

Answer:

The answer is true we need to know of any types of sources.

Explanation:

APPLYOURKNOWLEDGE

8 0
3 years ago
Although e-mail has replaced paper memos for many messages inside organizations and for some letters to external audiences, hard
Ostrovityanka [42]

Answer:

True

Explanation:

The reason is that hard copies are mostly authentic and are attested from the third party which increases the weight of the information. The registeration of cars and other expensive items are registered with their relevant authorities and those authorities issue paper of ownership to the owners which carry more weight.

8 0
3 years ago
Which type of HR professional uses various​ methods, including contacts within the community and print and online​ media, to sea
Alexus [3.1K]

Answer:

Recruiter is the correct answer.

Explanation:

Recruiter's job is to works with managers to find the qualified candidates that fill the vacant post as per requirement.

Recruiter HR professional responsibilities are to use a different method that includes updatings the ads for jobs, selecting the required candidates, to conduct the background investigation to find for fitted job candidates.

5 0
4 years ago
Which statement indicates that a person is less likely to be an effective team member? A-"That's not my job." B-"I can help you
Nat2105 [25]
A is quite clearly the correct answer. An effective team member would not utter such a statement; an effective team member would say any of the others, however.

Hope this helps.
3 0
3 years ago
Which of the following is the major drawback of job sharing from management's perspective? difficulty in coordinating schedules
Debora [2.8K]

Answer:

difficulty in finding compatible partners.

Explanation:

Job sharing or work sharing is a practice in an organisation where 2 people are engaged on a part time basis to perform a task that will normally be given to one person working full time. This results in lower per employee income because all positions are shared.

For example an employer can hire two workers to work for 3 days in a week, achieve the job of a full time staff working a full week, and still turn in the finished work early.

A drawback to this arrangement will be difficulty in finding compatible partners.

4 0
3 years ago
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