Which of the Following Statements About Closing the Accounts Is

question 20

Multiple Choice

Which of the following statements about closing the accounts is NOT true?

• A) Revenue accounts are debited.
• B) Depreciation account is credited.
• C) A net loss is credited to the retained profits account.
• D) Income accounts are debited.

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Definitions:

Nucleases

Enzymes that break down nucleic acids by cleaving the phosphodiester bonds between nucleotides.

Nucleotides

Organic molecules that serve as the monomers, or subunits, of nucleic acids like DNA and RNA, consisting of a base (adenine, thymine, guanine, cytosine, or uracil), a sugar molecule, and one or more phosphate groups.

Gastrocolic Reflex

Local reflex resulting in mass movement of the contents of the colon, which occurs after the entrance of food into the stomach.

Duodenocolic Reflexes

Reflexes that relate the function of the duodenum to the motility of the colon, aiding in digestion.