Which of the Following Types of Entries Is Used to Reset

question 58

Multiple Choice

Which of the following types of entries is used to reset the temporary accounts to zero and update the balance in the retained earnings?

• A)journal entries
• B)adjusting entries
• C)closing entries
• D)balancing entries

Recognize the foundational role of an interactive website in social media strategies.

Understand the role of personal branding in attracting customers.

Understand the importance of timely response to customer interactions on social media platforms.

Understand the various legal structures available for businesses and their formation process.

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Definitions:

Increasing Reactivity

A term describing a sequence or condition in which the tendency of a substance to undergo a chemical reaction becomes greater.

Styrene

An organic compound with the chemical formula C8H8, a monomer used in the production of polystyrene plastics and synthetic rubber.

π Electrons

Electrons present in the pi bonds of a molecule which contribute to the molecule's chemical properties.

Aromatic

Refers to a class of compounds that contain a benzene ring or a similar structure with delocalized electrons that follow Huckel's rule.