Closing Entries

question 44

Multiple Choice

Closing entries

• A) are prepared before the financial statements.
• B) reduce the number of permanent accounts.
• C) cause the revenue and expense accounts to have zero balances.
• D) summarize the activity in every account.

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Definitions:

Menstrual Irregularities

Variations in the menstrual cycle’s timing, flow, or symptoms that differ from the norm, which can involve heavy bleeding, missed periods, or unpredictable timing.

Cervical Dysplasia

A precancerous condition in which abnormal cell growth occurs on the surface lining of the cervix or endocervical canal, the lower part of the uterus.

Weight-Bearing Exercise

Physical activities that require one to support their own weight or lift weights, promoting bone strength and overall health.

Saturated Fat

A type of dietary fat found in animal products and some plant oils that is solid at room temperature and associated with increased cholesterol levels.