With the Negation Operator, a Positive Number Preceded by the Negation

question 3

True/False

With the negation operator, a positive number preceded by the negation operator remains a positive number.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances from temporary accounts to permanent accounts, thus preparing the accounts for the next period.

Work Sheet Heading

The title section of a work sheet that typically includes the company name, title of the document, and the period covered.

Adjusted Trial Balance

A list of all the accounts of a company, showing the balances after adjustments, used to prepare financial statements.

Adjustments Column

A column in financial statements or ledgers for entries that correct or modify the original amounts for better accuracy.