Explain Why Temporary Accounts Are Closed Each Period

question 42

Essay

Explain why temporary accounts are closed each period.

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Definitions:

Child-Welfare Workers

Professionals involved in protecting children from harm and ensuring their emotional and physical well-being, often employed by government or non-profit organizations.

Deliberate Action

An intentional, conscious behavior directed towards achieving a specific goal or outcome.

Kinship Care

A form of foster care in which a relative, usually a grandmother, becomes the approved caregiver.

Initiative Versus Guilt

Erikson’s third psychosocial crisis, in which young children undertake new skills and activities and feel guilty when they do not succeed at them.