Which of the Following Statements Is True

question 28

Multiple Choice

Which of the following statements is true?

• A)Owner's capital must be closed each accounting period.
• B)A post-closing trial balance should include only permanent accounts.
• C)The work sheet can be substituted for preparing financial statements.
• D)By using a work sheet to prepare adjusting entries you need not post these entries to the ledger accounts.
• E)Closing entries are only necessary if errors have been made.

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Definitions:

Sales Messages

Communications designed to persuade or inform potential customers about a product or service.

Persuasive Requests

Communication designed to convince the recipient to take a specific action or adopt a certain viewpoint.

Indirectly

A manner of communication or influence that is not direct or straightforward, often using suggestions or implications.

Bad News

Unfavorable information or updates that may be disappointing, saddening, or troubling to the recipient.