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
VladimirAG [237]
3 years ago
5

Where do temporary account balances go at the end of an accounting period?

Business
1 answer:
Andreyy893 years ago
8 0

Answer:

Temporary – revenues, expenses, dividends (or withdrawals) account. These account balances do not roll over into the next period after closing. The closing process reduces revenue, expense, and dividends account balances (temporary accounts) to zero so they are ready to receive data for the next accounting period.

Explanation:

You might be interested in
The cost principle is the basis for entering the purchase price into the accounting records.a. Trueb. False
faltersainse [42]

Answer:

The correct answer is letter "A": True.

Explanation:

The cost principle or historical cost establishes that an asset must be recorded at its face value at the moment when the asset is acquired. That cost is recognized as the value of the asset unless there is reasonable proof to state the opposite. Under this principle, any organization can register in its books an asset that has not been part of a transaction yet.

6 0
3 years ago
Bill and rosie have been happily married for 40 years. they have never spent more than two nights apart. bill has been battling
Andre45 [30]
The type of care that Bill is receiving is hospice care. It is a care of which they focus on patients or individual who are ill, either chronically or terminally. They tend to provide the care that the patients need in regards to their needs of both spiritually and even emotionally. It could be seen above as Bill is being cared for as he is ill and is being provided by the care he needs.
3 0
3 years ago
Please help I'll give brainliest
zimovet [89]
In case of legal issues
3 0
3 years ago
Which of the following sectors should be restructured?
Marianna [84]
I really don’t know
6 0
3 years ago
How many McDonalds are in America
Anastaziya [24]
36,899 macdonalds i think in america
4 0
3 years ago
Read 2 more answers
Other questions:
  • Kei, a senior marketing manager of a pizzeria in North Florida, is currently researching electronic collections of consumer info
    13·1 answer
  • Which markets compete in non-price competition?
    15·2 answers
  • What are the key choices a company must make before reaching the final decision to go global?
    9·1 answer
  • The scale of a timeline is generally unimportant.
    9·1 answer
  • Mployee theft of inventory from the warehouse because there are no restrictions on warehouse access and
    11·1 answer
  • Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way t
    15·1 answer
  • The idea of diminishing returns to an input in production suggests that if a local college adds more and more custodians, the ma
    14·1 answer
  • HELP PLEASE!
    12·2 answers
  • Ginny is considering an investment costing $55,000 that has cash flows of $35,000 in Year 2, $36,000 in Year 3, and −$5,000 in Y
    5·1 answer
  • If a company decreases its sales price per unit, the new breakeven point will?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!