Closing Entries Are Journalized in the

question 83

Multiple Choice

Closing entries are journalized in the

• A) trial balance.
• B) general journal.
• C) general ledger.
• D) chart of accounts.

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Definitions:

Net Cash

The difference between a company’s total cash inflows and cash outflows in a given period.

Investing Activities

Part of a company's cash flow statement that shows the outflow and inflow of cash from investments in property, plant, equipment, and financial securities.

Net Cash

The residual cash following the assessment of cash coming in and going out.

Investing Activities

Financial transactions related to the acquisition and disposal of long-term assets and other investments.