The Entry to Close the Revenue Account Includes a

question 111

Multiple Choice

The entry to close the revenue account includes a

• A)debit to Income Summary for $3,500.
• B)credit to Income Summary for $3,500.
• C)debit to Revenues for $70,000.
• D)credit to Revenues for $70,000.

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Definitions:

Wage Gap

The difference in earnings between two or more groups, often measured to assess disparities between genders, ethnicities, or other demographic categories.

High-Skill

Pertaining to jobs or workers that require a significant level of education, expertise, or experience to perform complex tasks.

Low-Skill

Referring to jobs or tasks that require a minimal level of education, training, or experience to perform.

Wage Gap

The difference in average earnings or wages between different groups of workers, such as between genders or races.