题目内容

Closing entries result in net income or net loss being transferred to the owner’s capital account（）

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A net loss （） the owner’s equity, Capital, for the period.

The yearly accounting period most commonly used is the （）. Hints: every first letter should be in lower case.

Balance sheet accounts are called ____________________ accounts because they carry their balances to the next accounting period, and are not closed as long as the company continues to own the asset, owe the liability and have equity.

The unadjusted trial balance combines the trial balance items with the adjusting entries to determine the adjusted balances.（）