The answer is true. Temporary accounts are transient accounts that open with no balance at the beginning of each accounting period and close at the conclusion in order to preserve a record of accounting activity during that period.
They consist of the spending accounts, income statements, and income summary accounts. Permanent accounts include cash accounts such as accounts receivable and accounts payable. The terms asset, liability, equity, inventory, balance investments, etc. are other examples of permanent accounts. An account that shuts at the conclusion of each accounting period and has no balance when a new period starts is referred to as a transitory account.
To learn more about accounts, click here.
brainly.com/question/22917325
#SPJ4
Answer:
Functional
Explanation:
Functional groups are formed when people with specialised skills are chosen to work together to achieve a goal. Due to similarity in profession team is cohesive and work harmoniously to meet business targets.
Communication is usually done within the department, when another department head needs information he contacts the department head of the unit to get it.
Each employee reports to one manager, so chain of command is simplified.
Answer: The court shouldn't grant either of them motion, due to the fact that the jury must determine whether the damage was due to the technician's installation of the improper cooling panel.
Explanation:
Based on the information given and assuming that both parties have moved for a directed verdict, then the court should not grant either of the motions.
The court shouldn't grant either of them motion, due to the fact that the jury must determine whether the damage was due to the technician's installation of the improper cooling panel.
A cash flows directly related to production and sale of the firm's products and services are called Operating cash flow .
<h3>What is operating cash flows and 3 types of cash flows? </h3>
Cash flow from operating activities indicates the amount of money a company brings in from its ongoing,regular business activities such as manufacturing and selling goods or providing a service to customers. Types of cash flows are cash flow from operating activities, cash flow from investing and cash flow from financing activities.
A firms operating cash flows is the cash flow it generates from its normal operation producing and selling its output of goods or services.
to learn more about OCF click here brainly.com/question/17001006
#SPJ9
Answer:
Particulars Amount
Provision for uncollectible $6,080 ($76000*8%)
Less: Provision already made <u>$1,000</u>
Provision to be made <u>$5,080</u>
Date Particulars Debit Credit
31-Dec Bad Debts $5,080
To Allowance for Doubtful Accounts $5,080
(Being the adjusting entry to estimate bad debts)
