The Entries That Transfer the Revenue, Expense, and Dividends Balances

question 173

Multiple Choice

The entries that transfer the revenue, expense, and dividends balances to the Retained Earnings account to prepare the company's books for the next period are called ________ entries.

• A) closing
• B) opening
• C) adjusting
• D) end of period

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Definitions:

Job Security

The probability that an individual will retain their job in the near future, often reflecting the stability of employment within a company or economy.

Generation X

The demographic cohort following the baby boomers and preceding the Millennials, typically considered to be born from the early-to-mid 1960s to the early 1980s.

Generation Y

Also known as Millennials, the demographic cohort following Generation X and preceding Generation Z, generally born between 1981 and 1996.

National Seniors Strategy

A comprehensive policy approach aimed at addressing the needs and challenges faced by senior citizens, typically involving healthcare, housing, income security, and social participation.