Income Summary

question 36

Multiple Choice

Income Summary

• A) is a temporary account.
• B) is a permanent account.
• C) summarizes revenue and expenses and transfers the balance to Capital.
• D) Both A and C are correct.

---

Definitions:

Nondirective Interview

An interviewing technique in which the interviewer asks open-ended questions and allows the interviewee to provide information freely, with minimal guidance.

Structured Interview

A methodical approach to interviewing where each candidate is asked the same questions in the same order, designed to ensure consistency and fairness in the evaluation process.

Situational Interview

A type of job interview that asks candidates to describe how they would handle or have handled specific workplace situations, to assess their suitability for a role.

Behavioural Description Interview

An interview technique where candidates are asked to describe past behavior in specific situations to predict future behavior in similar scenarios.