Which of the Lists Below Shows Accounts That Would Be

question 265

Multiple Choice

Which of the lists below shows accounts that would be closed at the end of the fiscal period?

• A) Sales, Accounts Payable, Dividends, and Inventory
• B) Cost of Goods Sold, Supplies, Wages Payable, and Dividends
• C) Retained Earnings, Depreciation Expense, Notes Payable, Store Supplies
• D) Sales, Cost of Goods Sold, Supplies Expense, and Wages Expense

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Definitions:

Monetary Policy

The process by which a central bank or monetary authority manages supply of money, often targeting inflation or interest rates to ensure economic stability and growth.

Republicans

Individuals affiliated with the Republican Party in the US, emphasizing limited government, individual freedom, and fiscal conservatism.

Populists

A political movement in the late 19th century United States, advocating for the interests of average people (often farmers) against the elites, leading to the creation of the Populist Party.

Office of The Presidency

The executive branch of government in the United States, led by the President, responsible for guiding the country's policies and overall administration.