Of the Following, Which Is Not a State Function

question 160

Multiple Choice

Of the following, which is not a state function?

• A) q
• B) T
• C) U
• D) H
• E) A and B

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Definitions:

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts.

Rendering Services

The act of providing professional services or duties to a client or customer.

Purchases Journal

A ledger used in accounting to record all purchases of goods and services on credit.

Accounts Payable

Short-term liabilities or money owed by a company to its creditors or suppliers for goods and services that have been delivered but not yet paid for.