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what do you consider might happen if revenue accounts are not closed? Explain why.
All of these accounts should be closed to Retained Earnings. Revenues increase Retained Earnings, Expenses and Dividends decrease Retained Earnings. [ So if they are not closed, this would happen: revenue accounts are not closed? Explain why. Retained Earnings would be understated for the current accounting period, and Revenues would be overstated for the next period. o expense accounts are
not closed? Explain why. Retained Earnings would be overstated for the current accounting period, and Expenses would be overstated for the next period. o dividends are not closed? Explain why. Retained Earnings would be overstated would be overstated for the current accounting period, and Dividends would be overstated for the next period. ]
Expert answered|jher000|Points 7242|
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Asked 5/10/2012 1:21:07 PM
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what are some moral or ethical issue that can come up when hiring someone
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Updated 5/5/2012 6:02:39 AM
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Some moral/ethical issue that may arise while employing someone are: not hiring women who are of child bearing age in case they get pregnant, not employing older people who are near retirement age as the cost of training will be for a short employment, making people take on jobs that involve them working excessive hours, not employing people who have a disability.
Added 5/5/2012 6:02:39 AM
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