Selecting the Exception Four of the Five Answers Listed Below

question 85

Multiple Choice

Selecting the Exception Four of the five answers listed below release secretions that assist digestion. Select the exception.

• A) salivary gland
• B) esophagus
• C) pancreas
• D) gall bladder
• E) liver

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Definitions:

Temporary Account Balances

Accounts that are closed at the end of each accounting period, including revenues, expenses, and dividends accounts.

Net Income

The net gain a company achieves after all operational costs and taxes are removed from its entire revenue.

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer temporary accounts' balances to permanent accounts, thereby preparing the books for the next period.

Revenue Account

An account in financial accounting used to record income generated by a company's ordinary activities.