Which of the Following Statements Is True

question 234

Multiple Choice

Which of the following statements is true?

• A)Retained earnings must be closed each accounting period.
• B)A post-closing trial balance should include only permanent accounts.
• C)Information on the work sheet can be used in place of preparing financial statements.
• D)By using a work sheet to prepare adjusting entries,you need not post these entries to the ledger accounts
• E)Closing entries are only necessary if errors have been made.

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Definitions:

Adductor Longus

A muscle in the inner thigh that plays a major role in the adduction of the thigh.

Orientation

Orientation refers to the awareness of oneself in relation to time, place, and identity, often assessed in cognitive and neurological examinations.

Sternocleidomastoid Muscle

A muscle in the neck that runs from the sternum and clavicle to the mastoid process of the temporal bone, involved in the rotation and flexion of the head.

Sternal End

The end of a bone that is closest to the sternum, often referring to the ends of the ribs or the clavicle.