Which of the Following Accounts Should Be Closed to the Capital

question 146

Multiple Choice

Which of the following accounts should be closed to the capital account at the end of the year?

• A) Service Revenue
• B) Equipment
• C) Prepaid Insurance
• D) Unearned Rent

---

Definitions:

Racial Equality

The principle and practice of fairness and justice that ensures individuals are treated equally, without discrimination on the basis of race.

Black Schools

Black schools were educational institutions specifically for African American students, particularly during segregation in the United States, offering a space for learning in a racially divided society.

National Association

A general term for organizations that operate across an entire nation, representing interests in various fields like civil rights, professional standards, or sports.

Colored Women

An outdated term historically used to refer to women of non-white or mixed racial heritage, now considered derogatory and no longer in appropriate use.