Which of the Following Statements Is Correct

question 70

Multiple Choice

Which of the following statements is correct?

• A) The Balance Sheet section of the worksheet contains the data that is used to make closing entries.
• B) The balance of the owner's drawing account will appear on the post-closing trial balance.
• C) Closing entries are entered directly on the worksheet.
• D) Preparation of the post-closing trial balance is the last step in the end-of-period routine.

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Definitions:

Life Spans

The duration of time that an individual, organism, or species lives, from birth to death.

Closed Programs

Structured and predetermined series of operations or procedures that do not allow for user intervention or modification.

Open Programs

Software or systems with source code that is publicly available for use, modification, and distribution.

Imprinting

A form of rapid learning occurring at a specific life stage in some animals, in which they form attachments to or behavioral patterns based on certain stimuli or individuals.