Closing Entries Are

question 108

Multiple Choice

Closing entries are

• A) an optional step in the accounting cycle.
• B) posted to the ledger accounts from the worksheet.
• C) made to close permanent or real accounts.
• D) journalized in the general journal.

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Definitions:

Death Notifications

The process or act of informing someone about the death of a family member or close acquaintance, usually done by law enforcement, military personnel, or medical staff.

Timeliness

The quality of happening at a favorable or appropriate time, or punctuality in meeting deadlines or schedules.

Accuracy

The degree to which an outcome or measurement is close to the true value.

Death Notifications

The process of informing someone about the death of a loved one, typically carried out by professionals in a sensitive and supportive manner.