[Solved] If a partnership has a loss for the period the closing entry to transfer the loss to the partners will require a credit to the Income Summary account. Phallic Stage: A phase in Freud's theory of psychosexual development where a child's focus of libido is on the genital area, occurring around ages 3 to 6. Erotically Tinged: Characterized by or involving sexual desire or attraction. Opposite Sex: Opposite sex typically refers to the other of the two primary biological sexes, male or female, in relation to an individual. Oedipal Complex: A concept in psychoanalytic theory referring to a child's unconscious sexual desire for the opposite-sex parent and jealousy towards the same-sex parent.