Closing the Temporary Accounts at the End of Each Accounting

question 88

Multiple Choice

Closing the temporary accounts at the end of each accounting period

• A) Serves to transfer the effects of these accounts to the proper equity account on the balance sheet
• B) Prepares the withdrawals account for use in the next period
• C) Gives the revenue and expense accounts zero balances
• D) Gives the withdrawals account a zero balance
• E) All of these

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Definitions:

Motor Neuron

A type of neuron that transmits nerve impulses from the central nervous system to muscles or glands, causing them to act.

Effector

An organ, gland, or muscle capable of responding to a stimulus, especially a nerve impulse.

Mixed Nerve

A nerve containing both afferent (sensory) and efferent (motor) nerve fibers, allowing it to transmit signals in both directions between the brain and various parts of the body.

Facial

Pertaining to the face, involving structures, muscles, or expressions associated with the facial region.