The dividends account is a permanent account whose balance is carried forward to the next accounting period.
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Q3: Closing revenue and expense accounts to the
Q4: A worksheet is a mandatory form that
Q7: If total credits in the income statement
Q8: It is not necessary to prepare formal
Q9: After closing entries have been journalized and
Q10: Closing entries are journalized after adjusting entries
Q12: If a worksheet is used financial statements
Q14: Both correcting entries and adjusting entries always
Q16: The post-closing trial balance is entered in
Q17: The adjustments on a worksheet can be
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