Identify and State the Historical Significance of the Following

question 78

Short Answer

Identify and state the historical significance of the following:
-Second Battle of the Marne

---

Definitions:

Payroll

The total amount of wages and salaries paid by a company to its employees for a set period, including necessary taxes and deductions.

Share of the Profits

This term refers to the portion of a company's profits allocated to its shareholders or partners, indicating their financial gain from the business's success.

Closing Entry

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.