Which One of the Following Is NOT One of the Three

question 8

Multiple Choice

Which one of the following is NOT one of the three categories of terrestrial life based on their DNA characteristics?

• A) Bacteria
• B) Eukarya
• C) Archaea
• D) Fungi

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Definitions:

Year-End Closing Process

The series of steps taken by businesses at the end of an accounting year to close out books, including reconciling accounts and preparing financial statements.

End-Of-Period Spreadsheet

A tool used in accounting to gather all the balances of ledger accounts to calculate adjustments and prepare financial statements at the end of an accounting period.

Closing Entry

A journal entry made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts, essentially resetting the temporary accounts for the new period.

Post-Closing

The final phase in the accounting cycle where accounts are prepared for the start of the next period, following the closing entries are made to reset temporary accounts.