What Is Probably the Oldest Known Conception of the Life

question 175

Multiple Choice

What is probably the oldest known conception of the life course, written about 3,000 years ago?

• A)the Dharmashastras
• B)the Bible
• C)the Koran
• D)the Talmud

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Definitions:

Withdrawal Account

A withdrawal account is an account in a partnership or sole proprietorship from which an owner can withdraw his or her share of the business profits.

Closing Process

The closing process involves summarizing revenue and expense accounts and transferring net income or loss to owner's equity to prepare the company's books for the next accounting period.

Post-Closing Trial Balance

A financial report created after closing entries are made, listing all the account balances to ensure that debits equal credits.

Temporary Accounts

Temporary Accounts are categories in accounting that are used to track financial transactions for a specific period, being reset or closed at the end of the fiscal year.