Which of the Following Accounts Would Be Closed at the End

question 121

Multiple Choice

Which of the following accounts would be closed at the end of the accounting period with a debit?

• A)Sales Discounts.
• B)Sales Returns and Allowances.
• C)Cost of Goods Sold.
• D)Operating Expenses.
• E)Sales.

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Definitions:

Interviewer

A person responsible for conducting interviews, usually to evaluate candidates for employment or gather information.

Race Norming

A controversial practice in which test scores are adjusted based on the race or ethnicity of the test taker, often used to counteract bias but criticized for being discriminatory itself.

Hiring

The process of identifying, recruiting, and selecting candidates to fill positions within an organization.

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Categories of humans identified by shared physical or social qualities into groups generally viewed as distinct within a given society.