When Closing the Accounting Period You

question 5

Multiple Choice

When closing the accounting period you:

• A)Close temporary accounts at year end
• B)Bring account balances up to date at year end
• C)Close permanent accounts at year-end
• D)All of these

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Definitions:

External Data Tab

A feature in applications like databases or spreadsheets where users can connect, import, and manage data from outside sources.

Delimited Text File

A text file where each piece of data is separated by a specific delimiter, such as a comma or tab, to organize the data into readable segments.

Exporting

The process of saving data in a different format, allowing it to be used in other software or shared with users who have different systems.

Application Parts

Components or features in software applications that are used to perform specific functions or tasks.