The Journal Entry to Close the Drawing Account Includes

question 11

Multiple Choice

The journal entry to close the drawing account includes

• A) debiting the owner's capital account and crediting the drawing account.
• B) debiting the drawing account and crediting the owner's capital account.
• C) debiting Income Summary and crediting the drawing account.
• D) debiting the drawing account and crediting Income Summary.

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Definitions:

Verbs

Words that express actions, states, or occurrences, forming the main part of the predicate of a sentence.

Tense

In grammar, the form of a verb that indicates the time at which an action or event occurs, typically past, present, or future.

Nominalization

The linguistic process of converting verbs or adjectives into nouns, often used to create a more formal tone in writing.

Weaker Verb

A verb that is less assertive or forceful in its action, often making the sentence or statement less effective.