The Account to Which the Drawing Account Is Closed Is

question 27

Multiple Choice

The account to which the drawing account is closed is called

• A) Revenue.
• B) Income Summary.
• C) Owner's Capital.
• D) Cash.

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Definitions:

Person-Centered Perspective

A psychological approach emphasizing the importance of being aware of and accepting one's true self to achieve personal growth.

Altruism

Unselfish regard for the welfare of others.

Empathy

The ability to understand and share the feelings of another, putting oneself in another's shoes emotionally.

Self-Actualizing Person

An individual who has realized and fulfilled their potential, achieving self-fulfillment.