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Rama09 [41]
3 years ago
11

What are closing entries and why are they important in accounting?​

Business
2 answers:
Ivan3 years ago
5 0

Answer:

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. Temporary accounts are used to record accounting activity during a specific period.

Explanation:

fomenos3 years ago
4 0

Answer:7

Explanation:14

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Business messages usually conclude with a Multiple choice question. summary. supporting reasons. call to action. primary message
belka [17]

Business messages usually conclude with a call to action.

<h3>What are business messages?</h3>

These are the ways through which companies and business have to communicate with one another.

The mediums through which they communicates includes:

  • SMS
  • Emails
  • Fax
  • Social media.

The companies and their customers use the messages as a way of interacting and having their needs met.

Such messages have contents that are directly related to the business.

Read more on business messages here:

brainly.com/question/5506518

3 0
3 years ago
The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30000 shares) Treasu
marishachu [46]

Answer:

A) 26920

Explanation:

Issued common stock with par $10, total $270,000. The total number of issued stocks = $270,000 / $10 per stock = 27,000 stocks

Stocks held in Treasury = $1,200 / $15 per stock = 80 stocks

The total number of outstanding stock = total number of issued stocks - stocks held in Treasury = 27,000 stocks - 80 stocks = 26,920 stocks

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3 years ago
The person who writes a will is called the _______. testator attorney probater estate planner
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The person who writes a will is called the _______. testator attorney probater estate planner


TESTATOR

8 0
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Lou Agent with Top Notch Realty had listed a 100 unit apartment complex for sale. Sam Agent also with Top Notch Realty had a buy
dybincka [34]

Answer:

2. Have both the buyer and seller sign required disclosures describing the designated sales agency relationship and stating that each the buyer and seller have assets of $1 million or more.

3 0
3 years ago
Compare and contrast thinking skills and people skills
zalisa [80]

Thinking skills are internal mental processes like focusing, analyzing information, making mental connections, and generating ideas.

People skills are interpersonal skills like listening, communication, and building relationships.

Both types of skills are essential for success.

8 0
3 years ago
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