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:

Anxiety Disorder

A mental health condition characterized by excessive fear or worry that interferes with daily activities and can manifest in physical symptoms.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life, leading to distress for the individual.

Behavioural Goals

Specific objectives set to modify or change behaviors, often used in therapeutic or educational settings to achieve desired outcomes.

Carl Rogers

A psychotherapist who developed client-centered therapy, emphasizing the importance of the self and the individual's capacity for self-healing.