Closing Entries Are

question 111

Multiple Choice

Closing entries are

• A)an optional step in the accounting cycle.
• B)posted to the ledger accounts from the worksheet.
• C)made to close permanent or real accounts.
• D)journalized in the general journal.

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Definitions:

Service-Profit Chain

A business concept that suggests a direct link between employee satisfaction, service quality, customer loyalty, and profitability.

Physical Environment

Refers to the natural, built, and social surroundings that influence individuals' and organizations' activities, including climate, geography, buildings, and infrastructure.

Process

A set of measures or procedures followed to accomplish a specific goal.

Service Experience

The subjective assessment of a consumer's interaction with a service, which encompasses every touchpoint from initial engagement to the final outcome.