The Entries That Transfer the Revenue,expense,and Owner,Withdrawals Balances to the Owner,Capital

question 60

Multiple Choice

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

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

---

Definitions:

Union Federation

An organization that represents multiple labor unions, coordinating their actions and policies at a regional, national, or international level.

Great Uprising

Refers to significant or notable revolts, rebellions, or movements, often related to worker or social uprising seeking rights or reforms.

Labor-Management Relations

The interactions between employees, often represented by unions, and employers, focusing on negotiating wages, work conditions, and other aspects of workers' compensation and rights.

1877

The year 1877 is significant in American history for the Great Railroad Strike, the first major rail strike and a turning point in US labor relations.