Unlike for Profit Organizations, the First Step in the Closing

question 5

Multiple Choice

Unlike For Profit organizations, the first step in the closing process is generally to close revenue.What should be the first step in closing for an entity that uses Fund accounting?

• A)​Close revenue
• B)​Close expense
• C)​Close budgetary entries
• D)​Close Fund Balances

---

Definitions:

Head Start

A program in the United States that provides comprehensive education, health, nutrition, and parent involvement services to low-income children and their families.

Academically Oriented

Describes individuals or institutions with a strong focus on academic learning, achievement, and pursuits.

Disadvantaged Young

Youths who face social, economic, or educational barriers that may hinder their development or opportunities.

Head Start

A program in the United States that provides comprehensive early childhood education, health, nutrition, and parent involvement services to low-income children and their families.