The Process of Transferring Balances for Temporary or Nominal Accounts,such

question 13

Multiple Choice

The process of transferring balances for temporary or nominal accounts,such as revenue,expense,gain,and loss,to the retained earnings account is called ____.

• A)cost accounting
• B)account closure
• C)periodic closure
• D)closing the books
• E)statement wrap-up

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Definitions:

Employer Liability

The legal responsibility of employers for the actions of their employees and the conditions at their workplace, especially regarding accidents or misconduct.

Job Application Forms

Documents used by employers for candidates to provide their background, experience, and skills as part of the hiring process.

Compare Candidates

The process of evaluating and contrasting the qualifications, experiences, and qualities of individuals applying for a job or position.

Recruitment Methods

Various techniques and strategies used by organizations to find, attract, and hire candidates for jobs.