Closing Entries Are Made in the

question 50

Multiple Choice

Closing entries are made in the

• A) sales journal.
• B) purchases journal.
• C) general journal.
• D) cash receipts journal.

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Definitions:

Apples

Edible fruits produced by an apple tree, characterized by their sweet taste and used in a wide variety of foods and drinks.

Indifference Curve

A graph showing a combination of two goods that give a consumer equal satisfaction and utility, thereby indicating the consumer's preferences.

Burgers

A type of sandwich consisting of one or more cooked patties of ground meat, usually beef, placed inside a sliced bread roll or bun.

Onion Rings

A type of fast food consisting of rings of onion dipped in batter and deep-fried.