The Entries That Transfer the Revenue, Expense, and Withdrawal Balances

question 156

Multiple Choice

The entries that transfer the revenue, expense, and withdrawal balances to the Owner's Name, Capital account to set these balances to zero for the next period are called:

• A)closing entries.
• B)opening entries.
• C)adjusting entries.
• D)temporary accounts.

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Definitions:

Thebes

An ancient Egyptian city on the Nile river, historically significant as a religious and political center, famous for its temples and tombs.

Hunting Scenes

Artistic representations of the activity of pursuing and capturing or killing wild animals, often found in historical and prehistorical art.

Tomb Interiors

The inside spaces of tombs, often decorated and containing artifacts and remains of the deceased.

The Ka

In ancient Egyptian belief, a spiritual duplicate of the body that remained near the body after death and needed sustenance to survive in the afterlife.