Which of the Following Accounts Will Be Closed Directly to Capital

question 2

Multiple Choice

Which of the following accounts will be closed directly to Capital at the end of the fiscal year?

• A) Salaries Expense
• B) Fees Revenue
• C) Withdrawals
• D) Accumulated Depreciation

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Definitions:

Internal Debate And Infighting

Situations within organizations or groups where members engage in conflicts or disagreements, often hindering collective goals.

Women's March

A global protest and movement advocating for women's rights, equality, and justice, typically marked by coordinated marches and demonstrations.

Grassroots Organization

Community-based groups that aim to bring about social, political, or environmental changes from the bottom up, relying on the active participation of its members.

501(c)(3) Nonprofit

A classification by the IRS for non-profit organizations that are exempt from federal income tax, typically charitable, religious, educational, or scientific organizations.