Select the Best Word for the Blank in the Following

question 133

Multiple Choice

Select the best word for the blank in the following sentence.
If they keep cooking so ______, I predict the restaurant will be closed before the year ends.

• A)awful
• B)good
• C)badly
• D)bad

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Definitions:

Closing Entries

These are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, hence preparing the books for the next period.

Revenue Accounts

Accounts used to record the income generated from the sale of goods or services in the normal course of business.

Expense Accounts

Accounts in financial accounting that track the costs of operating a business, including costs for materials, labor, and overhead.

Permanent Accounts

These are balance sheet accounts whose balances are carried forward from one accounting period to the next, including assets, liabilities, and equity accounts.