The Closing Process Applies to Only to Income Statement Accounts

question 99

True/False

The closing process applies to only to income statement accounts.

---

Definitions:

Comminuted Fracture

A type of bone fracture where the bone is broken into several pieces.

Closed Fracture

A type of bone fracture where the skin remains intact and there is no open wound over the fracture site.

Acute Abdominal Pain

A sudden onset of severe pain located in the abdomen which may indicate a serious condition.

EMS

Emergency Medical Services, a system that provides urgent pre-hospital treatment and stabilization for serious illness and injuries and transport to definitive care.