An Error Has Occurred in the Closing Entry Process If

question 97

Multiple Choice

An error has occurred in the closing entry process if

• A)revenue and expense accounts have zero balances.
• B)the retained earnings account is credited for the amount of net income.
• C)the dividends account is closed to the retained earnings account.
• D)the Statement of financial position accounts have zero balances.

---

Definitions:

Pilgrimage to Cythera

An iconic painting by Antoine Watteau that portrays elegantly dressed couples embarking on a journey to Cythera, a mythical island dedicated to the goddess of love, symbolizing love and romance.

Greco-Roman Deity

A god or goddess from the pantheon of ancient Greece and Rome, often associated with specific aspects of life, nature, or human endeavor.

Aphrodite

In Greek mythology, the goddess of love, beauty, and sexual desire.

Rubénistes

A faction in French art criticism during the 17th and 18th centuries that favored the color and techniques of Peter Paul Rubens over line and form.