In the closing procedure, expenses and dividends are zeroed out by crediting each account, and incomes are zeroed out by debiting each account.
<h3>What is the objective of the closing process?</h3>
One purpose of closing admissions is to communicate net income or net loss for the period to Retained Earnings. A second objective is to "zero out" all temporary accounts (revenue accounts, expense accounts, and Dividends) so that they begin each new period with a zero balance.
The statement of cash flows must be prepared last because it takes data from all three previously prepared financial statements.
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The telecommunications he most likely uses most often is manuscript. He uses this in order to communicate with his employee in is company. Telecommunication<span> is the transmission of signals, messages, words, writings, images and sounds or information of any media.</span>
The situation discussed here of marketing & sales division describes the role of a Leader in core functional organizational structure.
<h3>What is Functional Organizational Structure?</h3>
A typical sort of business structure is a functional organizational structure, which divides a corporation into various departments according to areas of competence and groups personnel according to specialization, skill, or related functions.
The sales team consist of personnel who are basically from marketing & sales backgrounds. Further motion study helps to improve the present scenario of eliminating the wastefulness of time with help of Team leader.
Thus regular meeting in a week by a leader can help in effective management of functional organizational structure.
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Answer:substitution
Explanation:The substitution bias is a weakness in the Consumer Price Index that overstates inflation because it does not account for the substitution effect, when consumers choose to substitute one good for another after its price becomes cheaper than the good they normally buy.
when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives.