In Order to Close the Owner's Drawings Account the

question 100

Multiple Choice

In order to close the owner's drawings account the

• A) income summary account should be debited.
• B) income summary account should be credited.
• C) owner's capital account should be credited.
• D) owner's capital account should be debited.

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Definitions:

Plus Four Estimate

A technique used in calculating confidence intervals for proportions where four is added to the number of successes and failures each before calculating the proportion.

Autoxidation

A process involving the oxidation of substances by atmospheric oxygen, often leading to gradual degradation.

Dibenzyl Ether

An organic compound consisting of two benzyl groups connected by an ether linkage, used as a fragrance and flavoring agent.

Diethyl Ether

A highly volatile, flammable organic compound used as a solvent and once popular as an anesthetic, with a characteristic ether smell.