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What are connectors?
Temporary Accounts
Accounts used to record transactions for only a single accounting period, which are then reset or closed at the period's end, such as revenues, expenses, and dividends.
Supplies
Items used in the operation of a business that are not directly related to the production of goods or services, such as office supplies.
Prepaid Expenses
Payments made in advance for goods or services that will be received in the future.
Retained Earnings
The portion of a company's profits that is not distributed to shareholders as dividends but is instead reinvested in the business or held as a reserve.
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