After Closing Entries Are Made Which of the Following Grouping

question 24

Multiple Choice

After closing entries are made which of the following grouping of accounts will all have balances?

• A)Assets,Revenue,Liability
• B)Liabilities,Assets,Expenses
• C)Owners' Equity,Assets,Liabilities
• D)Assets,Liabilities,Expenses

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Definitions:

Peripheral Nervous System

The portion of the nervous system that exists outside the brain and spinal cord, responsible for transmitting sensory information to the central nervous system and carrying motor commands to muscles and organs.

Pns

Abbreviation for Peripheral Nervous System, which includes nerves and ganglia outside of the brain and spinal cord.

Transient Ischemic Attack

Often called a mini-stroke, a transient episode of neurological dysfunction caused by the loss of blood flow to the brain, spinal cord, or retina, without acute infarction.

Abbreviation

A summarized form of a word or phrase.