The First Step in the Closing Process Is To

question 32

Multiple Choice

The first step in the closing process is to:

• A) close all balances on the income statement debit column of the worksheet except Income Summary.
• B) transfer the balance from the Income Summary Account to the Capital Account.
• C) close all balances on the income statement credit column of the worksheet except Income Summary.
• D) transfer the balance of the Owner's Withdrawals Account to Capital.

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Definitions:

Genotype

The genetic constitution of an individual organism, referring to the specific allele makeup inherited from parents.

Depression

A common and serious medical illness that negatively affects how you feel, the way you think and how you act, characterized by persistent feelings of sadness and/or loss of interest.

5-HTTLPR

A genetic variation in the promoter region of the serotonin transporter gene, which has been studied for its association with psychiatric disorders and traits.

Neurotransmitter

Chemical substances in the brain that transmit signals from one neuron to another across synapses.