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:
The camel, possibly
Explanation:
No animal is known as "the sheep of the desert" as far as I can tell, but the camel is sometimes called "the ship of the desert".
