The Process of Transferring Balances for Temporary or Nominal Accounts,such

question 13

Multiple Choice

The process of transferring balances for temporary or nominal accounts,such as revenue,expense,gain,and loss,to the retained earnings account is called ____.

• A)cost accounting
• B)account closure
• C)periodic closure
• D)closing the books
• E)statement wrap-up

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Definitions:

Cultural Competence

The concept of acknowledging and incorporating a patient’s cultural background as part of the treatment process; the recognition that patients’ beliefs shape their approach to health care.

Treatment Process

The sequence of actions or interventions designed to address a specific condition or disorder, aiming at recovery or management of symptoms.

Patient's Cultural

Referring to the importance of understanding and respecting a patient's cultural background in the provision of effective healthcare.

Doctor-patient Relations

The dynamics of interaction between doctors and their patients, crucial for the process of diagnosis, treatment, and care in the medical field.