A List of the Accounts and Their Balances at the End

question 20

Multiple Choice

A list of the accounts and their balances at the end of the period after journalising and posting the closing entries which includes only permanent accounts is called:

• A)post-closing trial balance.
• B)pre-closing balance sheet.
• C)chart of accounts.
• D)adjusted trial balance.

---

Definitions:

Monopolistic Competition

Monopolistic competition is a market structure characterized by many sellers offering differentiated products or services, leading to a competitive environment where companies have some price-making power.

Tracking Device

A tracking device is a technology designed to monitor and report the location or movement of an object, vehicle, or individual, using GPS or other means.

Oligopoly

A market structure characterized by a small number of firms controlling a significant portion of the market share, leading to limited competition.

Product Differentiation

Setting a product or service apart in the marketplace to increase its attractiveness to a specific target group.