Which of the Following Does NOT Occur During the Closing

question 33

Multiple Choice

Which of the following does NOT occur during the closing process?

• A) Journal entries are made to return the balance in all nominal accounts to zero.
• B) Journal entries are made to transfer the net income or loss to retained earnings.
• C) Journal entries are made to return the balance in all real accounts to zero.
• D) Journal entries are made to transfer the dividends to retained earnings.

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Definitions:

Pupil

the black circular opening in the center of the iris of the eye, which regulates the amount of light that enters the eye.

Sensation

The process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.

Perception

The process of organizing, identifying, and interpreting sensory information to represent and understand the environment or an event.

Difference Threshold

The minimum difference in physical stimulation required to detect a difference between sensory inputs.