Based on Your Reading, It Would Be Correct to Say

question 77

Multiple Choice

Based on your reading, it would be correct to say that biological approaches offer

• A) a good explanation of only property crime.
• B) a good explanation of only violent crime.
• C) a good explanation of all crimes.
• D) a very limited understanding of crime.

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Definitions:

Closing Entries

Entries in the journal made during the closing of an accounting period to move balances from transitory accounts to enduring accounts.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, different from the calendar year.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts to prepare the books for the next period.

Adjusting Entries

Journal entries made in accounting to update the records for expenses and revenues that have accrued but not yet been recorded.