A Temporary Account in the Ledger Used for Closing Revenues

question 83

Multiple Choice

A temporary account in the ledger used for closing revenues and expenses is

• A) capital.
• B) withdrawals.
• C) income summary.
• D) net income.

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Definitions:

Free Association

A psychoanalytic technique where patients express thoughts and feelings exactly as they occur, with as little censorship as possible, to uncover unconscious processes.

Unconscious Thoughts

Mental processes that occur without conscious awareness, influencing behavior, perceptions, and emotions.

Psychoanalysis

A therapeutic approach founded by Sigmund Freud that seeks to explore the unconscious mind to uncover repressed thoughts and feelings affecting current behavior.

Free Associate

A psychoanalytic technique where a patient is asked to share thoughts, words, or images as they come to mind, without censorship or selection.