If the sum of the Ending Balance(s) in the revenue account(s) is greater than the sum of the Ending Balances in the expense accounts, then Retained Earnings will increase as a result of the closing entries. a) trueb) false

True

Explanation:

The closing entries are as follows            

1. . Sales Revenue A/c Dr

          To Income Summary A/c

(Being revenue account closed)

2.  Income Summary A/c

             To Expenses A/c

(Being the expenses account are closed)

3. Income summary A/c Dr

           To Retained earning A/c

(Being the difference is credited to retained earning i.e we called profit )

step 1: create a plan

step 2: inventory facility equipment/assets

step 3: create preventive maintenance procedures

step 4: create preventive maintenance schedules

step 5: train your maintenanceteam

step 6: analyze – adjust - improve

or

step 1 – pm procedure design: doing the effective things

step 2 – pm procedure scheduling: efficient use of people and resources

step 3 – pm lubrication engineering

step 4 – pm training: back on the chain gang

step 5 – pm program management plan

step 6 – communicate, communicate, communicate