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Accounting Cycle Step 8: Closing Entries to Retained Earnings

26,622 views

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

Intro:

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

Video Vocabulary

impacts
noun other verb

action of one object striking another. Acts or forces of one thing hitting something else. To hit or strike someone or something with force.

/prəˈper/

prepare
verb

To make something ready for use.

/ˈtempəˌrerē/

temporary
adjective noun

lasting for only limited period of time. person employed on temporary basis.

/iɡˈzampəl/

example
noun verb

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

/ˈ(h)weT͟Hər/

whether
conjunction

If something will happen or not.

/ˈsərvəs/

service
noun verb

Ceremony for religious purposes. perform routine maintenance or repair work on.

/ˈak(t)SH(o͞o)əlē/

actually
adverb

as truth or facts.

/ˈlərnəd/

learned
adjective verb

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

accounting
noun

An activity to prepare and keep financial records.

/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.

/ˈbaləns/

balance
noun verb

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

/ˈlərniNG/

learning
noun verb

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

decrease
noun verb

instance of becoming smaller or fewer. To reduce the size, amount or number of something.

/bəˈɡiniNG/

beginning
adjective noun verb

new or inexperienced. First part of an action or task. To do the first part of an action; to start.

/əˈkount/

accounts
noun other verb

report or description. Invoices for things bought. consider or regard.

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