The Final Closing Entry to Be Journalized Is Typically the Entry

question 62

Multiple Choice

The final closing entry to be journalized is typically the entry that closes the

• A) revenue accounts.
• B) dividends account.
• C) retained earnings account.
• D) expense accounts.

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Definitions:

Information

Data that is processed, organized, or presented in a given context to make it meaningful and useful.

Propinquity

is the physical or psychological proximity between people, often influencing their relationship or attraction.

Dissociative Groups

Groups that individuals do not want to associate with; membership in these groups is typically considered undesirable by non-members.

Membership Groups

Groups or organizations that individuals join to receive certain benefits, share common interests, or achieve collective goals.