Why are revenue and expense accounts called temporary or
1- What are adjusting entries and why are they necessary?
2- Is it necessary that a trial balance be taken periodically? What purpose does it serve?
3- Why are revenue and expense accounts called temporary or nominal accounts
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1- what are adjusting entries and why are they necessary2- is it necessary that a trial balance be taken periodically
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assignmentpart 1described below are certain transactions of smith corporation the company uses the periodic inventory
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fixed costs are 10 per unit and variable costs are 25 per unit production was 13000 units while sales were 12000 unitsa
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