Which of the Following Would Not Be Closed with a Credit

question 5

Multiple Choice

Which of the following would not be closed with a credit to the account?

• A) Sales Revenues
• B) Sales Returns and Allowances
• C) Cost of Goods Sold
• D) Sales Discounts

---

Definitions:

Bush Administration

The executive period of George W. Bush, the 43rd President of the United States, which spanned from 2001 to 2009, marked by events such as the September 11 attacks and the initiation of the Iraq War.

Downsizing

The process of reducing the number of employees within an organization typically to cut costs and improve efficiency.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, future outcomes, or possible events.

Managers

Individuals responsible for planning, directing, and overseeing the operations and employees within an organization.