Which of the Following Accounts Will Be Closed by Crediting

question 54

Multiple Choice

Which of the following accounts will be closed by crediting the Income summary account?

• A)Accounts payable
• B)Service revenue
• C)Depreciation expense
• D)Accumulated depreciation

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Definitions:

Antidrug Advertisements

Public service announcements aimed at discouraging the use of illegal drugs by highlighting their dangers and negative consequences.

Drug Use

The act of consuming substances, which could be legal or illegal, for recreational, medicinal, or other purposes.

Exciting

Causing great enthusiasm and eagerness, often leading to stimulation or increased activity.

Genetic Expression

The process by which information from a gene is used to direct the assembly of a protein molecule, determining physical traits.