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:

Modeling

A method used in psychology to learn through the observation and imitation of others.

Social Anxiety Disorder

A mental health condition characterized by an intense fear of social situations due to feelings of embarrassment, self-consciousness, or concern about being judged by others.

Specific Phobias

A type of anxiety disorder characterized by an excessive and irrational fear of specific objects, situations, or creatures.

Panic Disorder

A type of anxiety disorder characterized by sudden episodes of intense fear that trigger severe physical reactions without any real danger or apparent cause.