Which of the following accounts is closed at the end of a fiscal period? a. Membership Fees
Question:
Which of the following accounts is closed at the end of a fiscal period?
a. Membership Fees Income
b. Accounts Receivable
c. Delivery Equipment
d. Retained Earnings
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
Income statement accounts or temporary accounts are close...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Which accounts get closed at the end of a fiscal year?
-
Which of the following accounts is an expense account in which an employer records the FICA, FUTA, and SUTA taxes? Wages Expense Payroll Taxes SUTA Taxes Payable Salaries Payable None of the above
-
Which of the following accounts would appear only in an accrual basis accounting system, and which could appear in either a cash basis or an accrual basis accounting system? (a) Capital Stock, (b)...
-
Examine how effective change communication can reduce resistance in organization ? explain
-
As a manager of a company, explain why a bank reconciliation would be important to your cash management. Discuss.
-
_______________variables can take on any value in some interval. In Exercises 510, fill in each blank with the appropriate word or phrase.
-
The adjusted trial balance for CED Electric, Inc., as of June 30, 2010, is presented next: Requirements 1. Prepare the multi-step income statement for June for CED Electric, Inc. 2. Calculate the...
-
Below are transactions for Hurricane Company during 2015. a. On October 1, 2015, Hurricane lends $10,000 to another company. The other company signs a note indicating principal and 8% interest will...
-
1. What is identity theft? adware, phishing and keylogging? Who are hackers? Black hat vs White hat hackers.. Should company hire black/white hackers? 2. Social networking sites like Facebook,...
-
A store maintains data on customers, products and purchase records in three tables: CUSTOMER, PRODUCT, PURCHASE. The store manager wants to know which product is on its maximum discount for each...
-
Create a memory device to help you remember all the closing entries for a corporation.
-
The following account balances appeared in the Income Statement section of the work sheet of Shutterbug Cameras. Instructions 1. Journalize the closing entries for the year ended December 31. Start...
-
Systematic Enterprises invested its excess cash in the following instruments during December 2012: Certificate of deposit, due January 31, 2015...........................$ 75,000 Certificate of...
-
RRSP in order to provide himself with RRIF income of $56,000 a year for 34 years of retirement. Assume he can get an annual real rate of return of 2.3%
-
On March 1, 2025, Bramble Corp. purchased land for an office site by paying $2730000 cash. Bramble began construction on the office building on March 1. The following expenditures were incurred for...
-
Naqvi eBikes sells to three retail dealers, each of whom pays Naqvi monthly. On average, the three dealers pay monthly payments of $132,700, $156,200, and $81,600 respectively. Each payment has a...
-
Approximate the value of the given integral by completing parts (a) and (b) below. (a) Use Simpson's rule, using n = 2. (b) Check by direct integration. 2 (6+x) dx 0
-
Member AB has the angular velocity WAB = 2 rad/s and angular acceleration OAB = 5 rad/s. 100 mm Part B aCB D 11 60 450 mm vec AB Determine the angular acceleration of member CB measured...
-
What are the possible causes of unfavorable materials variances?
-
Suppose the concentration of glucose inside a cell is 0.1 mm and the cell is suspended in a glucose solution of 0.01 mm. a. What would be the free energy change involved in transporting 10-o mole of...
-
Can the problem of automation reducing cognitive skills be solved? Explain your answer.
-
Perform an ethical analysis of Facebook. What is the ethical dilemma presented by this case?
-
What is the relationship of privacy to Facebooks business model?
-
Solve the initial value problem. dy =3e3t sin (e3t-27), y(In 3)=0 dt The solution is y =
-
Solve by factoring. 5x2-16x+12=0
-
Find f-1 (x) for f (x) = 15 + 12x.
Study smarter with the SolutionInn App