Closing entries are entries<span> made at the end of an accounting period to zero out all temporary accounts. The balances are transferred to permanent accounts.
After the closing entries have been posted:
A. the temporary accounts are zeroed out
Revenues and expenses are transferred to the income Summary Account and then Income Summary is closed to Retained earnings.</span>
False.
If you were to interchange one another it would be VERY life threatening.
The formula is to calculate the total admission fees collected is = F5*B14
1. Click on cell I5
2. Type equal sign =
3. Type F5 or click on F5 cell
3. Type multiplication sign *
4. Type B14 or click on B14 cell
Answer:
RAM
Explanation:
RAM or Random Access Memory is a volatile storage memory which means if a power is turned off and turned on again it will be clear, that is why, if we do not save our work and a power failure occurs, our data is lost. It is where all our running programs are located while we are working. There is another memory, which is ROM(Read Only Memory). This is a non-volatile storage and saved work is stored in ROM.
