Which of the Following Types of Entries Is Used to Reset

question 58

Multiple Choice

Which of the following types of entries is used to reset the temporary accounts to zero and update the balance in the retained earnings?

• A)journal entries
• B)adjusting entries
• C)closing entries
• D)balancing entries

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Definitions:

Developmental Psychology

A branch of psychology that studies how people grow and change over the course of a lifetime.

Rapid Change

A swift and significant shift in conditions, situations, or states over a short period.

Public Policy

Government actions, including laws, regulatory measures, and funding decisions, designed to address public issues and achieve desired outcomes.

Developmental Continuity

The concept that development is a gradual, continuous process without sudden changes.