The Closing Entry to Close Beginning Inventory Using the Periodic $\quad$

question 46

Multiple Choice

The closing entry to close beginning inventory using the periodic method is:

• A) DR Purchases\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)CR Inventory
• B) DR Profit and loss summary \(\quad\)\(\quad\)CR Inventory
• C) DR Inventory\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)\(\quad\)CR Profit and loss summary
• D) DR Cost of goods sold\(\quad\)\(\quad\)\(\quad\)\(\quad\)CR Inventory

---

Definitions:

Agency Lift Team

A specialized group within a healthcare facility responsible for lifting and transferring patients safely, aiming to reduce the risk of injury for both patients and staff.

Mechanical Lift

An equipment designed to assist in the lifting and moving of patients, reducing the risk of injury for both the patient and healthcare worker.

Manual Lifting

The act of picking up or moving objects using human strength and effort rather than mechanical aids.

Back Pain

Discomfort or aches located anywhere on the spine or back, ranging from mild to disabling, and caused by a variety of factors such as injury, activity, or medical conditions.