In this accounting learning object, students follow the steps involved in the closing process. Temporary accounts contain ending balances for a specified period and must be closed.
Learners read about the purposes of balance sheets and income statements and then place accounts into these two financial statement categories in a drag-and-drop exercise.
In this animated activity, learners examine the terms "half-reaction," "oxidizing agent," and "reducing agent" and follow five interactive examples to balance equations for oxidation-reduction reactions. Three problems are provided as a self-check.