When Closing Entries Are Made

question 19

Multiple Choice

When closing entries are made

• A)All balance sheet accounts are closed.
• B)All permanent accounts are closed but not the temporary accounts.
• C)All real accounts are closed but not the temporary accounts.
• D)All ledger accounts are closed to start the new fiscal period.
• E)All temporary accounts are closed but not the permanent accounts.

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Definitions:

Barriers

Obstacles or factors that impede progress, communication, or achievement.

Model of Communication

A theoretical framework describing how messages are sent and received between communicators.

Communication Model

A framework that outlines the process of transmitting information and understanding between two or more participants.

High-Context Cultures

Cultures in which communication relies heavily on the contextual elements like social cues and non-verbal signals, rather than solely on explicit and direct words.