When Closing the Expense Account,which of the Following Accounts Will

question 121

Multiple Choice

When closing the expense account,which of the following accounts will also be closed?

• A)Purchases Returns and Allowances
• B)Merchandise Inventory
• C)Sales Returns and Allowances
• D)Prepaid Rent Expense

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Definitions:

Supportive Communication

Communication that is empathetic, listens actively, and is constructive in nature, aiming to build positive interpersonal relationships.

Discussion Boards

Online platforms where users can post messages to share ideas, ask questions, and discuss various topics in a structured environment.

One-way Communication

A form of communication where a message is sent from a sender to a receiver without expecting or receiving a response or feedback.

Impression Management

Is the systematic attempt to influence how others perceive us.