Which of the Following Accounts Would Be Closed at the End

question 83

Multiple Choice

Which of the following accounts would be closed at the end of the accounting period with a debit?

• A) Operating Expenses.
• B) Cost of Goods Sold.
• C) Sales Returns and Allowances.
• D) Sales.
• E) Sales Discounts.

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Definitions:

Blood-Injection-Injury Type Phobia

A specific phobia involving intense fear and avoidance of blood, injections, and injuries.

Situational Type Phobia

A specific anxiety disorder characterized by an intense, irrational fear of certain situations or environments, such as flying or enclosed spaces.

Social Anxiety Disorder

A psychological condition characterized by an intense fear of social situations, leading to avoidance and significant distress.

Natural Environment Type Phobia

An intense, irrational fear of situations or elements in the natural environment, such as storms or heights.