Answer 1 of 10: I have been searching for apartments and hotels in Barcelona and they all seem to have double or twin beds. Are there any queen or king size beds to be found? It seems to me the largest beds are doubles. Thanks for any info.
Correct Answer: To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period. â¢ Question 8 0.5 out of 0.5 points Which type of account is always credited during the closing process? Answer Selected Answer: Expense. Correct Answer: Expense.
Closing Entries. Revenue, expense, and capital withdrawal (dividend) accounts are temporary accounts that are reset at the end of the accounting period so that they will have zero balances at the start of the next period. Closing entries are the journal entries used to transfer the balances of these temporary accounts to permanent accounts.