The Final Closing Entry to Be Journalized Is Typically the Entry

question 201

Multiple Choice

The final closing entry to be journalized is typically the entry that closes the

• A) revenue accounts.
• B) owner's drawings account.
• C) owner's capital account.
• D) expense accounts.

Understand the significance of core competencies, competitive advantages, and how they contribute to an organization’s success.

Grasp the principles of business portfolio analysis and how it aids in strategic decision-making.

Understand the significance of promoting divergent and convergent thinking in fostering organizational creativity.

Identify managerial practices that enhance or hinder creativity within teams.

---

Definitions:

Shale

A fine-grained sedimentary rock formed from clay and silt particles that tend to split along bedding planes.

Siltstone

A sedimentary rock composed mainly of silt-sized particles, formed by compaction and cementation of silt.

Shale

A fine-grained sedimentary rock formed from clay-sized particles that are compacted and often used as source rock for oil and gas.

Carbonate Rocks

Sedimentary rocks primarily composed of carbonate minerals, such as limestone and dolomite, often formed in marine environments.