Examlex
Systematic desensitization is primarily based on principles of ________.
Closing Process
The transfer process of converting temporary account balances to zero by transferring the revenue and expense account balances to the owner’s capital account, and transferring the owner’s drawing account balance to the owner’s capital account.
Drawing Account
An account used to track withdrawals made by the owner of a sole proprietorship from the business for personal use.
Temporary Account
An account in financial accounting that is used to collect revenues, expenses, and withdrawal information which is transferred to permanent accounts at the end of an accounting period.
Accumulated Depreciation
The total amount of a company's assets' depreciation since the assets were acquired, reflecting how much of the assets' value has been used up over time.
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