At the End of the Accounting Period,which of the Following

question 117

Multiple Choice

At the end of the accounting period,which of the following accounts would not be closed?

• A)Sales Discounts
• B)Cost of Goods Sold
• C)Sales Returns & Allowances
• D)Inventory

---

Definitions:

Sampling Distribution

The probability distribution of a given statistic based on a large number of samples from the same population.

Sample Mean Difference

The difference between the means of two samples, used in hypothesis testing and estimation.

Normally Distributed

Describes data that follows a normal curve or distribution, where most observations cluster around the central mean.

Protraction

The movement forward of a body part, such as the jaw or shoulder blade, away from the spine.