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Accounting Cycle Step 8: Closing Entries to Retained Earnings

26,622 views

ProfAlldredge

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

98%
  • 4:34 / 4:39

Speech Rate:

  • 138 wpm - Conversational

Category:

  • Education

Tags :

Intro:

Special thanks to The Free Dictionary for providing us with the information used in this web page

Video Vocabulary

impacts
impacts
noun other verb

action of one object striking another. Very strong influences. come into forcible contact with another object.

prepare

/prəˈper/

prepare
verb

make ready for use or consideration.

temporary

/ˈtempəˌrerē/

temporary
adjective noun

Continuing for a limited time; not permanent. person employed on temporary basis.

example

/iɡˈzampəl/

example
noun verb

Thing, person which represents a category. be illustrated or exemplified.

whether

/ˈ(h)weT͟Hər/

whether
conjunction

If something will happen or not.

service

/ˈsərvəs/

service
noun verb

Maintenance of machinery so it runs well, e.g. car. To help or do work for someone, e.g. in a store.

actually

/ˈak(t)SH(o͞o)əlē/

actually
adverb

as truth or facts.

learned

/ˈlərnəd/

learned
adjective verb

having acquired much knowledge through study. To get knowledge or skills by study or experience.

accounting
accounting
noun

An activity to prepare and keep financial records.

tracking

/ˈtrakiNG/

tracking
noun verb

maintenance of constant difference in frequency between two or more connected circuits or components. To use marks to follow a wild animal.

balance

/ˈbaləns/

balance
noun verb

Money remaining after paying costs. put something in steady position.

learning

/ˈlərniNG/

learning
noun verb

acquisition of knowledge or skills through study. To get knowledge or skills by study or experience.

decrease
decrease
noun verb

Amount by which something has been reduced. make or become smaller or fewer.

beginning

/bəˈɡiniNG/

beginning
adjective noun verb

new or inexperienced. point at which something begins. To do the first part of an action; to start.

accounts

/əˈkount/

accounts
noun other verb

report or description. Descriptions, often written, of events; reports. consider or regard.

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