Which of the Accounts Below Would Be Closed by Posting

question 173

Multiple Choice

Which of the accounts below would be closed by posting a debit to the account?

• A) Unearned Revenue
• B) Fees Earned
• C) Dividends
• D) Miscellaneous Expense

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Definitions:

Risks

Potential events or circumstances that could lead to negative outcomes, affecting objectives negatively.

Off-the-job Paid Leaves

Time off from work that employees are granted for various reasons, such as vacation, illness, or personal matters, with compensation.

Family and Medical Leave Act

A U.S. labor law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.

Preexisting Employee Health Insurance

Insurance coverage that includes benefits for health conditions an employee had before joining the insurance plan.