Which of the Following Statements Is Not Correct

question 11

Multiple Choice

Which of the following statements is not correct?

• A)After closing entries are posted, the revenue, expense, and drawing accounts will have zero balances.
• B)A post-closing trial balance will not contain revenue and expense account balances.
• C)Adjusting entries must be journalized and posted before the closing entries are journalized and posted.
• D)At the end of each accounting period, asset and liability account balances are reduced to zero.

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Definitions:

Primary Receptors

Sensory structures that respond to environmental stimuli by initiating a sensory signal.

Free Nerve Endings

Sensory receptors located near the surface of the skin that can detect pain, temperature, and touch.

Hair Cells

Sensory cells located in the inner ear that convert sound vibrations into electrical signals that can be interpreted by the brain.

Meissner Corpuscle

Touch receptors located in the dermal papillae of the skin, sensitive to light touch and texture.