Examlex
To accept a suggested spelling for that instance only,which of the following would you click?
Closing Entries
Adjustments made at the end of an accounting period to transfer balances from temporary to permanent accounts to prepare the books for the next period.
Revenues
Income generated from normal business operations, often from the sale of goods and services to customers.
Expenses
Costs incurred by a business or individual in the process of earning revenue, ranging from utilities to salaries.
Drawing Account
An account used to record withdrawals made by an owner from the business for personal use.
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