Which of the Following Account Balances Would Be Closed at Year-End

question 121

Multiple Choice

Which of the following account balances would be closed at year-end by crediting the account?

• A) Investment revenue.
• B) Loss on sale of building.
• C)Sales revenues.
• D)Unearned revenues.

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Definitions:

Validity

The extent to which a test, measurement, or study accurately reflects or assesses the specific concept it is intended to measure.

Electric Shocks

A sudden discharge of electricity through a part of the body, which can be therapeutic or accidental.

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The act of imposing a penalty or negative consequence on a behavior to decrease its occurrence.