An Error Has Occurred in the Closing Entry Process If

question 92

Multiple Choice

An error has occurred in the closing entry process if

• A) revenue and expense accounts have zero balances.
• B) the retained earnings account is credited for the amount of net income.
• C) the dividends account is closed to the retained earnings account.
• D) the statement of financial position accounts have zero balances.

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Definitions:

Interneurons

Specialized neurons that act as the middle link, connecting sensory and motor neurons in the nervous system.

Synapses

The junctions between neurons where nerve impulses are transmitted from one neuron to another through chemical or electrical signals.

Neurotransmitter

Chemicals in the brain that transmit signals from one neuron to another across synapses.

Dopamine

A neurotransmitter involved in the regulation of movement, emotion, motivation, and the sensation of pleasure.