Which of the Following Entries Will Be Necessary to Close

question 159

Multiple Choice

Which of the following entries will be necessary to close the insurance expense account at the end of the year?

• A) Debit Insurance expense and credit Income summary.
• B) Debit Insurance expense and credit Capital.
• C) Debit Capital and credit Insurance expense.
• D) Debit Income summary and credit Insurance expense.

Comprehend the limitations and solutions of dialysis in kidney failure treatment.

Identify the primary composition of various substances in the nephron.

Explain how the urinary system maintains homeostasis.

Differentiate between urine and feces in terms of biological process and content.

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Definitions:

Resistance

Opposition or reluctance from potential customers against purchasing a product or adopting an idea.

Resistance

The objection or reluctance shown by potential customers against buying a product or service, often due to doubts about value or necessity.

Prospect

A potential customer or client who has been identified as someone who could be interested in a company's product or service.

Salesperson

An individual who is responsible for selling products or services to customers, typically aiming to meet or exceed sales targets.