Which of the Following Correctly Describes the Closing Entry Process

question 6

Multiple Choice

Which of the following correctly describes the closing entry process?

• A)The closing process reduces the balances in the permanent accounts to zero at the end of each period.
• B)The closing entries are usually prepared prior to the adjusted trial balance.
• C)The closing process creates a zero balance in all temporary accounts at the end of each period.
• D)The closing process creates a zero balance at the end of each period for all accounts on the year-end trial balance.

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Definitions:

Intervene

To come between disputing people, groups, or forces in order to prevent or alter a result or course of events.

Conflict Handling

Strategies and techniques used to manage and resolve disagreements or disputes in a productive manner, aiming to achieve mutual agreement or understanding.

Unpopular Courses

Educational classes or subjects that have low enrollment or interest among students, often due to perceived difficulty or lack of relevance.

Avoiding Style

A conflict resolution approach where an individual chooses not to engage or confront the issue at hand, often in an attempt to maintain harmony or avoid stress.