In Preparing Closing Entries

question 148

Multiple Choice

In preparing closing entries

• A) each revenue account will be credited.
• B) each expense account will be credited.
• C) the retained earnings account will be debited if there is net income for the period.
• D) the dividends account will be debited.

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Definitions:

Indian Residential Schools

Institutions that were part of a system in Canada designed to assimilate Indigenous children into Euro-Canadian culture, often involving forced separation from their families and cultures.

Church And Government

The relationship and interaction between religious institutions and governmental authorities, often involving issues of power, influence, and policy.

Crimes

Acts or omissions that are prohibited by law and punishable by the state, ranging from minor offenses to serious felonies.

Cultural Genocide

The systematic destruction of traditions, values, language, and other elements that make up a particular culture.