In Order to Close a Revenue Account, the

question 148

Multiple Choice

In order to close a revenue account, the

• A) income summary account should be credited.
• B) income summary account should be debited.
• C) owner's drawings account should be credited.
• D) owner's drawings account should be debited.

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Definitions:

Unconscious Mind

A part of the mind that is inaccessible to the conscious mind, influencing feelings, thoughts, and behaviors.

Behavior

Behavior refers to the actions or reactions of an organism, usually in relation to its environment, which can be observed and measured externally.

Hormones

Chemical messengers secreted by endocrine glands, traveling through the bloodstream to affect various physiological processes and behavior.

Problem Solve

The method of identifying answers to challenging or intricate problems.