Which of the Following Accounts Should Be Closed to Retained

question 66

Multiple Choice

Which of the following accounts should be closed to Retained Earnings at the end of the fiscal year?

• A)Service Revenue
• B)Equipment
• C)Prepaid Insurance
• D)Unearned Rent

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Definitions:

Mental Disorder

A mental disorder is a condition characterized by significant disruption in an individual's cognition, emotion regulation, or behavior, often due to biological, psychological, or developmental factors.

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Signs or indications of a condition or disease experienced by an individual.

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