During Closing, Revenue Accounts Are Closed by Debiting the Revenue

question 69

True/False

During closing, revenue accounts are closed by debiting the revenue account and crediting the retained earnings account.

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Definitions:

Desmosomes

Specialized cell structures that function as anchors, attaching cells together within tissues like the skin and heart muscle.

Gap Junctions

Specialized cell-to-cell connections that allow for the direct passage of ions, molecules, and electrical impulses between adjoining cells.

Sarcoplasmic Reticulum

Endoplasmic reticulum of muscle.

Skeletal Muscle Fibers

Long, multinucleated cells that make up skeletal muscles, responsible for voluntary movements.