Closing Entries Are Necessary for

question 140

Multiple Choice

Closing entries are necessary for

• A)permanent accounts only.
• B)temporary accounts only.
• C)both permanent and temporary accounts.
• D)permanent or real accounts only.

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Definitions:

Executive Coaching

A personalized development process for executives and leaders aimed at enhancing their performance and leadership skills through guided coaching and mentoring.

Knowledge And Skills

The theoretical understanding and practical abilities that individuals possess, relevant to performing tasks or jobs.

Socialisation

Systematically changes the expectations, behaviour and attitudes of new employees.

New Employees

Individuals who have recently joined an organization or company and are in the process of adjusting and learning about their new roles.