If You Want to Customize the Handout Master, in the Page

question 36

True/False

If you want to customize the Handout Master, in the Page Setup group, click the Handout Orientation button to select the Portrait or Landscape option on the list.

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Definitions:

Post-closing Trial Balance

A list of all accounts and their balances after the closing entries are made, used to check the accuracy of closing entries and prepare for the next accounting period.

Retained Earnings

The cumulative amount of net income earned by a company that is retained and not distributed to shareholders as dividends.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Net Income

The remaining earnings of a corporation after deducting all operating costs and tax obligations from its revenue.