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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 hit or strike someone or something with force.

prepare

/prəˈper/

verb

make ready for use or consideration.

temporary

/ˈtempəˌrerē/

adjective noun

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

example

/iɡˈzampəl/

noun verb

thing characteristic of its kind. be illustrated or exemplified.

whether

/ˈ(h)weT͟Hər/

conjunction

expressing doubt or choice between alternatives.

service

/ˈsərvəs/

noun verb

Maintenance of machinery so it runs well, e.g. car. perform routine maintenance or repair work on.

actually

/ˈak(t)SH(o͞o)əlē/

adverb

as truth or facts.

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

Money remaining after paying costs. 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

Amount by which something has been reduced. To reduce the size, amount or number of something.

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 whereby you can use online services. consider or regard.

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