Closing Entries Are

question 108

Multiple Choice

Closing entries are

• A) an optional step in the accounting cycle.
• B) posted to the ledger accounts from the worksheet.
• C) made to close permanent or real accounts.
• D) journalized in the general journal.

---

Definitions:

Repeated Telephone Calls

The act of making multiple consecutive phone calls often to the same recipient, which can range from benign to harassing behavior.

Posing As A Sales Person

This act involves impersonating a salesperson to gain trust or access to individuals or information, often for deceptive purposes.

Euphemistically

pertains to the use of a mild or indirect word or expression to replace one considered too harsh, blunt, or offensive.

Shrinkage

In retail, the loss of inventory due to factors like theft, damage, or error.