racesb ch.8 Word Scramble
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| Question | Answer |
| adjusting entries | ledger accounts at the end of the accounting period |
| permanent accounts | used to accumulate info from one fiscal period to another |
| temporary accounts | accounts used to accumulate info until it is transferred to the owners capital account |
| closing entries | journal entries used to perpare temporary accounts for a new fiscal period |
| post-closing trial balance | a trial balance perpared after the closing entries are posted |
| accounting cycle | recording financial information for a fiscal period |
Created by:
jgreenhill
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