One Purpose of Closing Entries Is to Give Zero Balances

question 5

Multiple Choice

One purpose of closing entries is to give zero balances to

• A) asset and liability accounts.
• B) liability and capital accounts.
• C) revenue and expense accounts.
• D) expense and capital accounts.

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Definitions:

Expressive Roles

Roles associated with emotional support, nurturance, and maintaining interpersonal relationships within the family or group.

Social Learning Theory

A theory in psychology that proposes that new behaviors can be acquired by observing and imitating others.

Cognitive Development Theory

A theory that describes how human beings acquire, construct, and use knowledge as they grow and develop.

Feminist Approaches

Theoretical perspectives focusing on gender inequalities and aiming for the advocacy of women's rights and interests.