Which Type of Account Is Always Debited During the Closing

question 142

Multiple Choice

Which type of account is always debited during the closing process?

• A) Dividends
• B) Expense
• C) Revenue
• D) Retained earnings

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Definitions:

Stereotype Threat

The psychological experience of anxiety or concern in a situation where a person has the potential to confirm a negative stereotype about their social group.

Political Science

The systematic study of government structures, processes, and political activities and behavior.

For-profit University

An educational institution operated by private sector companies and intended to generate profit for shareholders, often offering a range of degree programs.

Family Income

The total amount of money earned or received by all members of a household, which can impact access to resources, opportunities, and overall quality of life.