That statement is true.
A credit balance refers to the amount of total liability that exists after we finish calculating all of our subsidiary accounts.
The amount of credit balance will be added to unpaid liabilities toward each account and will be brought upon in the future accounting period.
Answer:
B. Must be journalized and posted
Explanation:
Closing entries is a term that describes journal entries made to transfer temporary account to permanent account, it is prepared at the end of each accounting period.
In other words, it is defined as temporary accounts, which is prepared before the financial statement.
Example of closing entries includes:
1. Revenue
2. Expenses
3. Dividends paid accounts
Answer:
because it lies in the equator
Answer:
1) What would my parents think of them?
2) Does this person seem nice genuinely?
3) Am I able to relax around them?
Explanation:
You want someone that will make you happy. You don't want a bad person who will ruin your life. Choose wisely.
