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In the Closing Process, the Amounts in Temporary Accounts Are

question 148

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In the closing process, the amounts in temporary accounts are moved to retained earnings, a permanent account.


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Two main chambers of the United States Congress, with the House of Representatives and the Senate responsible for making federal laws.

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Regulations or statutes enacted by legislative bodies that require individuals or organizations to perform specific actions.

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The legislative body of the United States government, consisting of two houses: the Senate and the House of Representatives, responsible for making laws.

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The fundamental set of laws and principles that establishes the framework and governance structure of a nation or organization.

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