The Revenue, Expenses, Sales Returns and Allowances and Sales Discounts

question 98

Multiple Choice

The revenue, expenses, Sales Returns and Allowances and Sales Discounts will be closed via the:

• A)Income Summary account.
• B)Owner's Name, Capital account.
• C)Owner's Name, Withdrawals account.
• D)Fixed asset account.

---

Definitions:

Behaviourally Anchored Rating Scale

A scale that uses specific descriptions of actual behaviours to rate various levels of performance.

Performance Appraisal

The systematic evaluation of employee performance against set objectives, often used as a basis for decisions on promotions, bonuses, and developmental needs.

Actual Behaviours

The observable actions or reactions of individuals or groups in response to their environment or stimuli.

Coaching

A form of training where an experienced employee offers performance advice to a less experienced co-worker.