Find the Missing Numbers $( \mathrm { a } ) = 3 , ( \mathrm {~b} ) = 1 , ( \mathrm { c } ) = 9 , ( \mathrm {~d} ) = 4$

question 66

Multiple Choice

Find the missing numbers.
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• A) \(( \mathrm { a } ) = 3 , ( \mathrm {~b} ) = 1 , ( \mathrm { c } ) = 9 , ( \mathrm {~d} ) = 4\)
• B) \(( \mathrm { a } ) = 5 , ( \mathrm {~b} ) = 2 , ( \mathrm { c } ) = 1 , ( \mathrm {~d} ) = 6\)
• C) \(( \mathrm { a } ) = 4 , ( \mathrm {~b} ) = 1 , ( \mathrm { c } ) = 9 , ( \mathrm {~d} ) = 4\)
• D) \(( a ) = 9 , ( b ) = 1 , ( c ) = 0 , ( d ) = 5\)

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Definitions:

Year-End Closing Process

The series of steps taken by businesses at the end of an accounting year to close out books, including reconciling accounts and preparing financial statements.

End-Of-Period Spreadsheet

A tool used in accounting to gather all the balances of ledger accounts to calculate adjustments and prepare financial statements at the end of an accounting period.

Closing Entry

A journal entry made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts, essentially resetting the temporary accounts for the new period.

Post-Closing

The final phase in the accounting cycle where accounts are prepared for the start of the next period, following the closing entries are made to reset temporary accounts.