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Why Is the March 2013 Merger of the National Population

question 44

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Why is the March 2013 merger of the National Population and Family Planning Commission and the Ministry of Health considered significant?


Definitions:

Temporary

In accounting, temporary refers to accounts that are closed at the end of an accounting period, such as revenues, expenses, and dividends.

Forthcoming Year

The approaching or upcoming calendar year.

Long-term Debt

Debt obligations of a business that are due more than one year in the future, often used for large purchases or investments.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.

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