Which of the Following Accounts Would Be Closed at the End

question 121

Multiple Choice

Which of the following accounts would be closed at the end of the accounting period with a debit?

• A)Sales Discounts.
• B)Sales Returns and Allowances.
• C)Cost of Goods Sold.
• D)Operating Expenses.
• E)Sales.

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Definitions:

Manic Episode

A period characterized by abnormally elevated mood, energy, and activity levels, often found in bipolar disorder.

Flamboyant

Tending to attract attention because of their exuberance, confidence, and stylishness; often brightly colored or elaborately decorated.

Diathesis-Stress

A psychological theory that explains behavior as a predispositional vulnerability together with stress from life experiences.

Unmet Oral Needs

Dental or oral health requirements that have not been addressed or fulfilled, potentially leading to further complications.