If the Employer Chooses to Poll Its Employees, the Employees

question 22

True/False

If the employer chooses to poll its employees, the employees must be informed of the purpose of the poll.

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Definitions:

Permanent Accounts

Accounts that carry their ending balances over to the next accounting period and are not closed at the end of the financial year.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, clearing the way for the next accounting period.

Periodic Financial Statements

Reports that are issued at regular intervals, such as monthly, quarterly, or annually, summarizing a company's financial position.