Closing Entries

question 33

Multiple Choice

Closing entries

• A) need not be journalized since they appear on the worksheet.
• B) need not be posted if the financial statements are prepared from the worksheet.
• C) are not needed if adjusting entries are prepared.
• D) must be journalized and posted.

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Definitions:

Hereditary Material

Genetic material, such as DNA or RNA, that is passed from parents to offspring, determining inherited traits.

Chromatin

Network of DNA strands and associated proteins observed within a nucleus of a cell.

Surface-Area-To-Volume Ratios

A mathematical ratio that describes the amount of surface area per unit volume of an object or organism, influencing heat loss, gas exchange, and nutrient uptake.

Nucleolus

A prominent structure within the nucleus of a cell, primarily involved in ribosomal RNA synthesis and ribosome biogenesis.