Match the Following Entry Descriptions with the Accounting Entries to Which

question 72

Short Answer

Match the following entry descriptions with the accounting entries to which they relate by placing the appropriate letter to the left. A letter may be used more than once.
A. Adjusting entries.
B. Closing entries.
C. All of the entries listed above.
D. None of the entries listed above.
1. May be initially recorded in the general ledger.
2. They must be determined before the financial statements for the period ar prepared.
____ 3. Clears the temporary account balances at the end of the period.
____ 4. Clears the permanent account balances at the end of the period.
____ 5. They affect both temporary and nominal accounts.

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Definitions:

Potential Employer

An individual or organization that might consider hiring a person for a job or project.

Resumé

A summary of a person's education, professional history, and job qualifications, used as part of a job application.

Abilities And Interest

The combination of natural talents and things a person finds engaging or intriguing, often considered in career planning and job satisfaction.

Referral Interview

A meeting or discussion facilitated by someone's personal or professional network to gain insights or information about a job or field.