The Entry to Close the Expense Accounts Includes

question 116

Multiple Choice

The entry to close the expense accounts includes:

• A)a debit to Retained Earnings and credits to the respective expense accounts.
• B)a debit to Dividends and credits to the respective expense accounts.
• C)debits to the respective expense accounts and a credit to Retained Earnings.
• D)debits to the respective expense accounts and a credit to Dividends.

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Definitions:

Pharynx

The muscular tube that connects the mouth and nasal passages with the esophagus and larynx, serving both respiratory and digestive functions.

Lighter Fluid

A flammable liquid used in lighters and certain types of burners, often composed of butane or naphtha.

Esophageal Stricture

The narrowing of the esophagus, which can cause swallowing difficulties, often resulting from inflammation or scarring.

Chemical Pneumonia

Lung inflammation caused by inhalation of chemical irritants, leading to symptoms like coughing, chest pain, and breathing difficulties.