Salman Is a New Employee at a Quarry

question 67

Multiple Choice

Salman is a new employee at a quarry.Being a new employee,he feels lonely at work.However,he finds a group of people who share jokes and speak informally with each other to reduce work-related stress.Salman feels confident being with them and joins their group.In the context of reasons for joining groups,which of the following is the reason why Salman joined the group?

• A) Pleasure of closeness
• B) Achievement as objective
• C) Common goals
• D) Strength in numbers

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Definitions:

Nominal Accounts

Accounts that are closed at the end of each accounting period, including revenue, expense, and withdrawal accounts.

Temporary Accounts

Accounts used to track transactions in a single accounting period, which are closed and transferred to permanent accounts at the end of the period.

Income Summary

An account used in the closing process that summarizes the revenue and expenses of an accounting period to determine the net income or loss.

Capital Account

An account showing the net worth of a business at a specific point, calculated as assets minus liabilities and preferred stock.