Examlex

Solved

The Following Normal Account Balances Were Found on the General

question 44

Multiple Choice

The following normal account balances were found on the general ledger before closing entries were prepared: The following normal account balances were found on the general ledger before closing entries were prepared:   After closing entries are posted, what is the balance in the Revenue account? A) $800 B) $0 C) $300 D) Closing entries do not affect Revenue. After closing entries are posted, what is the balance in the Revenue account?


Definitions:

Teratogen

Any agent that can disturb the development of an embryo or fetus, which may cause a birth defect.

Responsive

Being quick to react or respond appropriately to changes or requests, showing sensitivity to the needs or feelings of others.

Highly Active Fetus

A term used to describe a fetus that shows more frequent or vigorous movement in the womb than typically observed.

Low Activity Levels

Refers to a state or condition where there is a minimal amount of physical or mental exertion being exhibited.

Related Questions