The Closing Process Resets ________, ________, and ________ Account Balances

question 158

Short Answer

The closing process resets ________, ________, and ________ account balances to zero at the end of each accounting period.

---

Definitions:

False Imprisonment

An unlawful act of restraining a person's freedom of movement without legal authority.

Complete Restraint

An absolute limitation or prohibition, often referring to contractual clauses that prevent a party from engaging in certain activities without exceptions.

Nuisance

An act or condition that substantially interferes with the use and enjoyment of land, or is offensive or dangerous to the public.

Assault and Battery

A legal concept involving the actual physical striking of another person (battery), and/or the act of threatening or attempting to cause physical harm (assault).