Decision Making Compare Lenins beliefs and goals withthose of Woodrow Wilson. Which leader has had the greaterimpact on world history? Why?
Chapter 4: Completing the Accounting Cycle 1. Closing the Books a. At the end of the accounting period, the company makes the accounts ready for the next period b. Temporary: i. These accounts are closed 1. All revenue accounts 2. All expense accounts 3. Owner’s drawing account c. Permanent i. These accounts are not closed 1. All asset accounts 2. All liabilities 3. Owner’s capital account d. Closing entries: formally recognize, in the general ledger, the transfer or: i. Net income (or net loss)