What is this and what is the purpose of it? [closed]

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Pictures about "What is this and what is the purpose of it? [closed]"

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What is the purpose of closing entries?

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.

What are the 4 closing entries?

Recording closing entries: There are four closing entries; closing revenues to income summary, closing expenses to income summary, closing income summary to retained earnings, and close dividends to retained earnings.

What is a closed question Example?

If you can answer a question with only a "yes" or "no" response, then you are answering a closed-ended type of question. Examples of closed-ended questions are: Are you feeling better today? May I use the bathroom?

What is meant by Closed Loop?

Definition of closed loop : an automatic control system in which an operation, process, or mechanism is regulated by feedback.

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What is the purpose of close reading?

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