Match Each Transaction with the Type of Entry That Will

question 94

Multiple Choice

Match each transaction with the type of entry that will be required at April 30,the company's year-end.
-The company transfers revenues of $50,000 and expenses of $32,000 to Retained Earnings.

• A)Closing entry
• B)Deferral adjusting entry
• C)Accrual adjusting entry

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Definitions:

Gestural Language

A form of non-verbal communication in which bodily actions communicate particular messages, including but not limited to sign languages.

Importance

Importance refers to the quality or state of being significant, valued, or necessary in a particular context or to a particular person.

Language Acquisition

The process by which humans gain the capacity to perceive and comprehend language, as well as to produce and use words and sentences to communicate.

Developmental Stages

Phases or periods of growth and development in humans that occur from infancy through adulthood, characterized by distinct physical, cognitive, and social milestones.