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
Len [333]
4 years ago
10

Explain what ‘closing the ledger’ means

Business
1 answer:
Aneli [31]4 years ago
8 0

Explanation:

The purpose of the closing entry is to reset the temporary account balances to zero on the general ledger, the record-keeping system for a company's financial data. ... All revenue and expense accounts must end with a $0 balance because they are reported in defined periods and are not carried over into the future.

You might be interested in
Will award brainliest for correct answer
Leno4ka [110]

Answer:I believe the answer is C

Explanation: when the aggregate curves that means prices will change and there will be a higher demand

8 0
2 years ago
Deng Xiaoping would most likely agree that. . free enterprise can boost a nation's economy. . free enterprise has no place in a
erastovalidia [21]

Deng Xiaoping would most likely agree that free enterprise can boost a nation's economy. The correct answer between all the choices given is the first choice. I am hoping that this answer has satisfied your query and it will be able to help you, and if you would like, feel free to ask another question.

7 0
4 years ago
The Motorola team that developed the Razr cell phone was a good working team because they agreed on the objectives at hand and o
d1i1m1o1n [39]

Answer:

False

Explanation:

Groupthink is when a group of individuals reach a consensus without really weighing the matter, comsequences, or whether you can have other alternatives. Groupthink takes its cue from just desiring not to upset the balance of a group of people. This in no way does not describe the Motorola team that developed the Razr cell phone. They agreed on the objectives at hand and on the best approach to solve the problem.

6 0
4 years ago
Read 2 more answers
2. What are the importance of vocation and business?​
Alik [6]

Answer:

A major part of your life is your vocation. This is your career or even your business. Fulfillment in your vocation can contribute to leading a satisfying and successful life. Factors involved in having a satisfying vocation are that you should have a purpose, help others and be concerned about future generations

5 0
3 years ago
An increase in supply for corn is greater in magnitude than the increase in the demand for corn. As a result, the equilibrium pr
V125BC [204]

Answer:

Equilibrium price will DECREASE and equilibrium quantity will INCREASE

Explanation:

6 0
3 years ago
Other questions:
  • Malia is a partner of a small clothing company. This week she has been hosting a group of potential investors. Several of the po
    5·1 answer
  • Swan, Inc. uses the high-low method to analyze cost behavior. The company observed that at 20,000 machine hours of activity, tot
    6·1 answer
  • Campbell Clothing produces men's ties. The following budgeted and actual amounts are for 2016:
    8·1 answer
  • Define specialization and, with an example, show how specialization and voluntary exchange benefit both buyers and sellers in th
    14·1 answer
  • Daniel's workplace has no structured hierarchy, and all employees are treated equally regardless of their designations or roles
    11·1 answer
  • Malik is employed by an architecture firm. Malik most likely works in
    13·2 answers
  • Amir buys a Baskin Robbins franchise. He has made a financial commitment and agrees to conduct business in accordance with Baski
    15·1 answer
  • Atlantic Corporation reported the following amounts at the end of the first year of operations Common stock $ 200,000 Sales reve
    12·1 answer
  • Block transactions are transactions for more than _______ shares, and they account for about _____ percent of all trading on the
    14·1 answer
  • The steps in the budgeting process are
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!