How Do You Close the Expense Accounts

question 114

Multiple Choice

How do you close the expense accounts?

• A) Debit Capital; credit the expense accounts
• B) Credit Capital; debit the expense accounts
• C) Credit Income Summary; debit the expense accounts
• D) Debit Income Summary; credit the expense accounts

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Definitions:

Axillary Nodes

Lymph nodes located in the armpit region that filter lymph fluid as part of the immune system.

Lymphatic Vessels

Thin-walled tubes that carry lymph, a fluid containing white blood cells and waste products, back towards the heart to be returned to the blood circulation.

Red Pulp

A tissue in the spleen composed of blood-filled sinuses and spaces filled with macrophages, playing a role in filtering blood.

White Pulp

Lymphatic tissue in the spleen composed mainly of lymphocytes and responsible for the immune response.