Which of the Statements About Closing the Accounts Is NOT

question 19

Multiple Choice

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

• A) Revenue accounts are debited.
• B) A net profit is credited to the retained profits account.
• C) Expense accounts are reset at zero.
• D) Dividends received are credited.

Apply precedence relationships and task assignments to balance assembly operations.

Calculate the theoretical minimum number of stations and efficiency of an assembly line.

Understand and apply the concept of cycle time in assembly line and workspace optimization.

Determine the optimal assignment of tasks or work centers to minimize travel or idle time.

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Definitions:

Debt Ratio

A financial ratio that measures the extent of a company's leverage, calculated as the company's total liabilities divided by its total assets.

Real Estate Investment Trusts

Companies that own, operate, or finance income-generating real estate, offering investors a way to invest in real estate through the purchase of publicly traded shares.

Portfolio Turnover

This term refers to the frequency at which assets within a portfolio are bought and sold by the manager, indicating trading activity level and potential costs.

Tax Liability

The total amount of tax that an individual or corporation is legally obligated to pay to an authority as the result of the occurrence of a taxable event.