The Closing Process Consists of Closing

question 136

Multiple Choice

The closing process consists of closing

• A) all asset and liability accounts.
• B) out the owner's capital account.
• C) all permanent accounts.
• D) all temporary accounts.

---

Definitions:

Transformational Grammar

A linguistic theory concerning how deep structures of language are transformed into various surface structures through grammatical rules.

Language

A system of communication that uses grammar and vocabulary to convey meaning through the use of spoken, written, or gestural symbols.

Sign Language

A language that uses manual communication and body language to convey meaning, primarily used by deaf and hard-of-hearing individuals.

Speak

The act of producing sounds that form words in order to convey information or express thoughts and feelings.