Each of the Following Accounts Is Closed to Income Summary

question 53

Multiple Choice

Each of the following accounts is closed to Income Summary except

• A) Expenses.
• B) Dividends.
• C) Revenues.
• D) All of these are closed to Income Summary.

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Definitions:

Social Status

The position or rank of a person or group within the society based on wealth, occupation, education, or other criteria.

Diarrheal Diseases

A group of illnesses characterized by frequent, loose, or watery stools, often a result of infections by bacteria, viruses, or parasites.

Contaminated Food

Food that has been tainted with harmful bacteria, viruses, parasites, or chemicals, making it unsafe to eat.

HIV Infection

A virus that attacks the immune system, which can lead to AIDS if not treated, transmitted through body fluids like blood and semen.