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Real or permanent accounts are balance sheet accounts which have a continuous nature and accumulate data from period to period; such accounts are not closed at the end of the reporting period.
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Closing entries are used to adjust the account at the end of a period for curls and expiration of prepaid true or false?
It is true that close entries are used to adjust accounts at the end of a period. This is common sense.
Where is the beginning of period capital account balance?
It is at the end of the period.
What should be equal to the balance of the Work In Process Inventory account at the end of the period?
The total manufacturing costs for the period
What do you do when you close the accounts?
When you close an account you cancel the account, you delete it, if you close an account it won't be there later!!
Is it true that the balance at the end of the period in the materials account represent the cost of materials on hand?
sure
Closing entries are used to adjust the account at the end of a period for curls and expiration of prepaid true or false?
It is true that close entries are used to adjust accounts at the end of a period. This is common sense.
The entry to close the appropriate insurance account at the end of the accounting period is what?
Insurance account is expense account and expense account is closed in income summary account. Insurance account should be credited where as income summary account should be debited
The entry to close the appropriate insurance account at the end of the accounting period isWhat?
debit Income Summary; credit Insurance Expense
Where is the beginning of period capital account balance?
It is at the end of the period.
Income summary also called?
The income summary is also referred to as the revenue summary or the profit and loss statement. It serves as a temporary account used to close revenue and expense accounts at the end of an accounting period.
What happens if the bank has restrained your account for a long overdraft period of time?
Most banks will allow an account to remain negative for 30 days and then they will close the account ..many will charge fees during this period
Netflix Why are you still billing the account of Janet Akers?
when you cancel your account it is effective at the end of the billing period.
What should be equal to the balance of the Work In Process Inventory account at the end of the period?
The total manufacturing costs for the period
How do you delete your account on windows live?
First sign into your windows live account and go to security and password. Verify your account by following the procedure and click the close your account tab then click close my account. You will have to mention the reason for quitting . In the end tap or click Mark account for closure.
Why do some accountants prepare an end of period spreadsheet?
The end-of-period spreadsheet is a working paper used to summarize adjusting entries and the account balances for the financial statements.
What do you do when you close the accounts?
When you close an account you cancel the account, you delete it, if you close an account it won't be there later!!
Where online can one find information on how to cancel a free credit report?
The about website lists a very informative article on terminating a FreeCreditReport account. The site states that in order to avoid charges, one must end the subscription prior to the end of the trial period. The only way to close the account is to call the customer service number of FreeCreditReport.
