The Most Efficient Way to Accomplish Closing Entries Is to

question 12

Multiple Choice

The most efficient way to accomplish closing entries is to

• A) credit the income summary account for each revenue account balance.
• B) debit the income summary account for each expense account balance.
• C) credit the owner's drawings balance directly to the income summary account.
• D) credit the income summary account for total revenues and debit the income summary account for total expenses.

---

Definitions:

Optimal Interstimulus Intervals

The ideal time gap between consecutive stimuli that maximizes learning or the effectiveness of a response.

Reflex System

A biological system that enables organisms to respond automatically to specific stimuli without conscious thought.

CS

stands for Conditioned Stimulus, an originally neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.