When Closing the Accounting Period You

question 9

Multiple Choice

When closing the accounting period you:

• A)Close temporary accounts at year end
• B)Bring account balances up to date at year end
• C)Close permanent accounts at year-end
• D)All the choices are correct

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Definitions:

Indexed Variables

Variables in arrays or collections that are accessed by their index, which represents their position within the array or collection.

Subscripted Variables

Variables that are accessed using an index within brackets, often used in arrays or collections to denote a specific element.

Elements

Individual items or data in a collection, such as an array or list, in programming or general context.

Variables

Containers in programming that store data values which can be changed during the execution of a program.