Which of the Following Correctly Describes the Closing Entry Process

question 80

Multiple Choice

Which of the following correctly describes the closing entry process?

• A)The closing process reduces the balances in the permanent accounts to zero at the end of each period.
• B)The closing entries are usually prepared prior to adjusting entries.
• C)The closing process creates a zero balance in all temporary accounts at the end of each period.
• D)The closing process creates a zero balance at the end of each period for all accounts on the year-end trial balance.

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Definitions:

Local Reflex

A simple, automatic response to a stimulus that occurs within a specific area of the body, without involvement of the brain.

Motility

The capability of cells, organisms, or substances to move actively and spontaneously, often as part of physiological processes.

Digestive Tract

A series of hollow organs joined in a long, twisting tube from the mouth to the anus, where food is broken down and nutrients absorbed.

Vagus Nerve

The tenth cranial nerve, which is a long and complex nerve extending from the brainstem to the abdomen, involved in controlling the heart, lungs, and digestive tract, as well as mediating visceral reflexes and sensations.