When Recording Closing Entries in the General Journal,which of the Following

question 17

Multiple Choice

When recording closing entries in the general journal,which of the following is written in the Description column?

• A) "closing entries"
• B) a description of the transaction
• C) nothing
• D) "zero out accounts"

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Definitions:

Cross-Examined

The process during a legal trial where the opposing side questions a witness who has already been examined by the side that called them.

Eyewitness

A person who directly observes an event and can provide a firsthand account of it, often used as evidence in legal proceedings.

Lay Witness

An individual who provides testimony in a legal proceeding about what they observed or experienced directly, not requiring specialized knowledge or expertise.

Nonattorney Status

The classification of an individual who is not licensed to practice law or deliver legal advice.