When Closing Entries Are Made

question 155

Multiple Choice

When closing entries are made:

• A) All permanent accounts are closed but nominal accounts are not closed.
• B) All balance sheet accounts are closed.
• C) All real accounts are closed but nominal accounts are not closed.
• D) All temporary accounts are closed but permanent accounts are not closed.
• E) All ledger accounts are closed to start the new accounting period.

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Definitions:

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Imagined sexual scenarios that arouse the individual, which may or may not be acted upon in real life.

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