After Editing an Invoice in a Closed Period, You Record

question 77

Multiple Choice

After editing an invoice in a closed period, you record the change in income by editing the adjusting entry________ .

• A)For the Closing Date
• B)For transferring Net Income and Retained Earnings into the Capital account
• C)You do not edit anything, you record another adjusting entry
• D)Both A and B

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Definitions:

Dissociative Theory

A psychological theory explaining a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Cognitive Behavioral

A therapeutic approach that aims to change negative patterns of thinking or behavior that are contributing to a person's difficulties.

Night Terrors

Episodes of intense fear that occur during sleep, often involving screaming, thrashing, and a feeling of terror upon awakening.

Parasomnia

A category of sleep disorders that involve unwanted, disruptive motor or verbal activities during sleep, such as sleepwalking or night terrors.