Closing Revenue and Expense Accounts to the Income Summary Account

question 233

True/False

Closing revenue and expense accounts to the Income Summary account is an optional bookkeeping procedure.

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Definitions:

Adverse Effect

A harmful or undesired outcome resulting from a medication, medical intervention, or other treatment.

Melanin

A pigment found in skin, hair, and eyes that determines color and provides protection against ultraviolet light.

Epidermis

The outer, protective, non-vascular layer of the skin, comprised of keratinized cells.

Nursing Diagnosis

A clinical judgment about individual, family, or community experiences and responses to actual or potential health problems used by nurses to guide patient care.