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Accounting Cycle Steps 5 & 8: Adjusting & Closing Entries to Income Summary (Periodic Method)

13,126 views

ProfAlldredge

Video Language:

  • English

Caption Language:

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

Accent:

  • English (US)

Speech Time:

98%
  • 4:32 / 4:36

Speech Rate:

  • 126 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

calculate

/ˈkalkyəˌlāt/

calculate
verb

To find an answer using mathematics.

physical

/ˈfizik(ə)l/

physical
adjective noun

relating to body. medical examination.

basically

/ˈbāsik(ə)lē/

basically
adverb

in most essential respects.

subtract

/səbˈtrakt/

subtract
other verb

To take away a value or amount from another. To take away a value or amount from another.

account

/əˈkount/

account
noun verb

An advantage. consider or regard.

available

/əˈvāləb(ə)l/

available
adjective

able to be used or obtained.

adjusted

/əˈjəst/

adjusted
verb

alter/move.

problem

/ˈpräbləm/

problem
adjective noun

Causing trouble. Something difficult to deal with or causes trouble.

allowances

/əˈlouəns/

allowances
noun other verb

amount allowed. Monies that are given to someone regularly. give allowance to.

adjusting

/əˈjəst/

adjusting
verb

To change so as to fit in with new conditions.

something

/ˈsəmˌTHiNG/

something
adverb pronoun

used for emphasis with following adjective functioning as adverb. Thing that is not yet known or named.

returns

/rəˈtərn/

returns
noun other verb

act of coming or going back to place or activity. Profits made as a result of a business activity. To occur again.

results

/rəˈzəlt/

results
noun other verb

consequence, effect, or outcome of something. Some things produced through tests or experiments. occur or follow as consequence of something.

represents

/ˌreprəˈzent/

represents
verb

To depict art objects, figures, scenes; to portray.

following

/ˈfälōiNG/

following
adjective noun preposition verb

Next; the one after this. body of supporters or admirers. Next; the one after this. To believe a set of values or a moral teacher.

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