Closing Entries Are Dated in the Journal as of

question 64

Multiple Choice

Closing entries are dated in the journal as of

• A) the date they are actually journalized, although they are generally prepared after the end of the accounting period
• B) the last day of the accounting period, although they are actually journalized after the end of the accounting period
• C) the first day of the accounting period, although they are actually journalized well after the beginning of the accounting period
• D) the first day of the subsequent accounting period

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Gross Pay

The total amount of money earned by an employee before any deductions are taken out.

Gross Salary

The total amount of wages or salary earned by an employee before any deductions or taxes are applied.

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A project that involves making improvements or alterations to a building or space to enhance its appearance or functionality.

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Conductors made of metal used to carry electricity from one place to another.