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At the End of an Accounting Period All Revenue and Expense

question 80

Short Answer

At the end of an accounting period all revenue and expense accounts are closed to a temporary account called ______________.


Definitions:

Desktop Computers

Desktop computers are personal computers designed for regular use at a single location on or near a desk due to their size and power requirements.

APIPA

Automatic Private Internet Protocol Addressing, a feature in Microsoft Windows that assigns a random IP address from the 169.254.0.1 to 169.254.255.254 range when a DHCP server is not available.

DHCP

Dynamic Host Configuration Protocol, a network management protocol used to automate the assignment of IP addresses.

Digital Signals

Information transmitted as a sequence of binary values, representing a discrete and non-continuous signal.

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