Which of the Following Are Temporary Accounts That Are Closed

question 82

Multiple Choice

Which of the following are temporary accounts that are closed at the end of the year?

• A) assets, liabilities, and Owner, Withdrawals
• B) revenues, expenses, and Owner, Withdrawals
• C) assets, liabilities, and owner's equity
• D) revenues, expenses, and owner's equity

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Definitions:

Sigmoid Colon

The S-shaped segment of the colon that connects the descending colon to the rectum, involved in the final stages of digesting solid waste.

Hepatic Sinusoids

Specialized vascular channels within the liver that enhance the transfer of substances between the blood and liver cells.

Portal Triad

A distinctive arrangement within the liver that includes a bile duct, portal vein, and hepatic artery, essential for liver function.

Stomach Acids

A mixture of hydrochloric acid, potassium chloride, and sodium chloride, which helps in the digestion of food within the stomach.