Which of the Following Is Not True About Closing Entries

question 164

Multiple Choice

Which of the following is not true about closing entries?

• A)There are two closing entries that update the retained earnings account.
• B)The closing entries are dated the last day of the accounting period.
• C)All real accounts are closed at the end of the period.
• D)By closing nominal accounts at the end of the period to zero, it is possible to isolate next period's information correctly.

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Definitions:

Delusional Thoughts

Delusional thoughts are beliefs that conflict with reality, often a symptom of psychological disorders, characterized by a strong conviction in something untrue despite evidence to the contrary.

Women

Mature women.

Vasopressin

A hormone produced by the hypothalamus and stored in the pituitary gland, responsible for retaining water in the body and constricting blood vessels, also playing a role in social and sexual behavior.

Maternal Behavior

The actions and responses of a mother towards her offspring, including nurturing, protecting, and guiding.