To Which of the Following Accounts Should the Balance in the Income

question 71

Multiple Choice

To which of the following accounts should the balance in the Income Summary account be closed?

• A) Owner, Withdrawals
• B) Net Income
• C) Owner, Capital
• D) Service Revenue

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Definitions:

Unconscious Processes

Mental activities beyond conscious awareness, influencing perceptions, thoughts, and behaviors.

Heritability

A measure of how much of the variation in a trait in a population is due to genetic differences among individuals in that population.

Biological Approach

A perspective in psychological and medical research that emphasizes the importance of physical processes and genetic influences on behavior.

Cross-Situational Consistency

The concept that an individual's behavior and responses are consistent across different situations.