Which of the Following Accounts Will Be Closed by Debiting

question 132

Multiple Choice

Which of the following accounts will be closed by debiting the Income Summary account?

• A) Owner, Capital
• B) Service Revenue
• C) Accounts Receivable
• D) Salaries Expense

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Definitions:

Religious Beliefs

The faith-based concepts and principles that form the foundation of a religion, encompassing doctrines, rituals, and moral codes.

Learned Phenomenon

A process or behavior that is not innate but acquired through experience or education.

Freud

Sigmund Freud was an Austrian neurologist who founded the discipline of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Market Model Of Religion

A theory suggesting that religion can be analyzed and understood as if it were a marketplace, with religions acting like competing firms offering products (beliefs, practices) to consumers (believers).