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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:

Video Vocabulary

impacts
noun other verb

action of one object striking another. Acts or forces of one thing hitting something else. To affect someone or something greatly.

prepare

/prəˈper/

verb

To make something ready for use.

temporary

/ˈtempəˌrerē/

adjective noun

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

example

/iɡˈzampəl/

noun verb

thing characteristic of its kind. be illustrated or exemplified.

whether

/ˈ(h)weT͟Hər/

conjunction

If something will happen or not.

service

/ˈsərvəs/

noun verb

Work or help that is provided by a company. perform routine maintenance or repair work on.

actually

/ˈak(t)SH(o͞o)əlē/

adverb

Used to add new (often different) information.

learned

/ˈlərnəd/

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.

tracking

/ˈtrakiNG/

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/

noun verb

Being stable; having equal weight on both sides. To make two or more things equal.

learning

/ˈlərniNG/

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. make or become smaller or fewer.

beginning

/bəˈɡiniNG/

adjective noun verb

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

accounts

/əˈkount/

noun other verb

report or description. Arrangements with banks to keep your money for you. consider or regard.

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