Revenues and Expenses Are Closed To

question 214

Multiple Choice

Revenues and expenses are closed to:

• A)Cash.
• B)Net Income.
• C)Dividends.
• D)Retained Earnings.

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Definitions:

Skills & Expertise

The abilities and knowledge that individuals possess, which are developed through practice, training, or experience in a particular area.

Active Consumer

An engaged customer who actively seeks out information, makes informed decisions, and influences others.

Communicates Online

the exchange of messages, information, or data between individuals or groups using digital platforms and the internet.