answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

How do you close an angry business letter?

respectfully yours


How many business days are allotted to fully complete and close a records search?

20


What would a chief accountant do to safe guard ethical issues in a business?

Keep a close eye on the books and "follow the money".


How can you minimize the occurrence of cheating in an organization?

Cheating is a hard habit to get rid of in any organization. People don't seem to understand why it's wrong and don't think they'll get caught even if they know it's wrong. About the only way to keep it to a minimum is with constant vigilance. For example, in school, teachers constantly watch for cheating such as essays that are too similar to another essay, or test answers that are the same as a person who was close to that student. In business, they often use video cameras to catch people doing what they're not supposed to be doing. You can also try having a talk about why cheating is wrong and why people should not do it.


Which account will a merchandising business close out at the end of the year?

At the end of the year, a merchandising business will close out its temporary accounts, primarily the revenue and expense accounts, including sales revenue, cost of goods sold, and operating expenses. These accounts are reset to zero to prepare for the new accounting period. The net income or loss from these accounts is transferred to the permanent equity account, typically retained earnings. Permanent accounts, such as assets, liabilities, and equity, are not closed out.

Related Questions

What are exactly are NFL parking passes?

passes that allow you to park close to the stadium


Why is the customer is so important?

It is because the customer is the lifeblood of any organization. Without customers, there is no profit. Without profit, the business will close its doors.


What does COB stands for?

Close of business day


What does cob mean unemployment?

Close of business


When executing punches in close combat you should make contact on your opponent with?

The firts two knuckles of your fist


When executing a figure four variation of a rear choke in close combat your left hand should be placed?

on the back of your opponent's head.


What was a goal of a Whig party?

A close relationship between business and government


Do the French close business for hours for sieste?

It depends on what business it is


How close is Finland to the Arctic Circle?

The Arctic Circle passes through Finland.


Which form of business organization has the most government regulation?

"Government Agencies" - such as the immigration, power supply, tourism, agriculture, education etc.. as the word regulate means to "coordinate", the government agencies can be argued to be the type of business organization with the most government regulation as the government coordinates all forms of activity within their system.. In terms of non-governmental organization, it will be said to depends on the country as different countries have different ways of different businesses. however, some close suggestions will be in the Aviation business, Heavy industry and manufacturing business such as ship building, mining and extraction businesses etc..


What happens to the ice when a comet passes close enough to the sun to be heated by solar system radiation?

When a comet passes close enough to the sun to be heated by solar system radiation, the ice will be heated up and given off as gas


Can you close a business by abrogating it?

yes. to abrogate it would be to close or repeal it