Which of the Following Statements Is Correct

question 83

Multiple Choice

Which of the following statements is correct?

• A)Preparation of the post-closing trial balance is the last step in the end-of-period routine.
• B)Closing entries are entered directly on the worksheet.
• C)The balance of the owner's drawing account will appear on the post-closing trial balance.
• D)The Balance Sheet section of the worksheet contains the data that is used to make closing entries.

---

Definitions:

Ordered Rankings

A method of arranging data points or items based on their value or importance in an ascending or descending sequence.

Interval Data

A type of numerical data that has meaningful intervals between measurements but no true zero point, allowing for comparison and subtraction.

Nominal Data

Data categorized into discrete groups or categories that cannot be ordered or ranked.

Interval Variable

A type of quantitative variable that exhibits ordered relationships with meaningful, equal distances between measurements but no true zero point.