Examlex

Solved

Which of the Following Functions Is Least Likely to Be

question 56

Multiple Choice

Which of the following functions is least likely to be performed by a public relations department?


Definitions:

Temporary Accounts

Accounts that are closed at the end of the accounting year, including income, expense, and withdrawal accounts, to prepare the company for the new fiscal year.

Permanent Accounts

Accounts that carry their ending balances over into the next accounting period, typically including assets, liabilities, and equity accounts.

Current Ratio

This financial indicator quantifies a corporation's ability to satisfy its short-term liabilities with its current assets, based on a comparison calculated by dividing the former by the latter.

Evaluate

To judge or determine the significance, worth, or quality of something through careful examination and analysis.

Related Questions