Which of the Following Statements About Closing the Accounts Is

question 26

Multiple Choice

Which of the following statements about closing the accounts is NOT true?

• A) Sales revenue account is debited.
• B) Depreciation account is credited.
• C) Share capital is debited.
• D) A profit is credited to the retained profits account.

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Definitions:

Nonresponse Error

An error that occurs in survey research when individuals selected for the sample do not respond, potentially biasing the results.

Netnography Research

A qualitative research methodology that examines online communities and cultures to gather insights.

Ethnographic Research

A method of studying cultures and communities through direct observation, participant observation, and qualitative interviews.

Computer-Mediated Communications

The exchange of messages between individuals or groups using digital platforms, including email, messaging apps, and social networks.