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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. Very strong influences. 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, person which represents a category. be illustrated or exemplified.

whether

/ˈ(h)weT͟Hər/

conjunction

If something will happen or not.

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 record and examine the progress of something.

balance

/ˈbaləns/

noun verb

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

learning

/ˈlərniNG/

noun verb

Act of getting knowledge. 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.

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. Invoices for things bought. consider or regard.

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