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:

Self-worth

An individual's subjective valuation of their own value or worth as a person.

Self-actualization

The realization or fulfillment of one's talents and potentials, considered as the ultimate objective of personal development.

Self-esteem

An individual's subjective evaluation of their own worth or personal value.

Spotlight Effect

The inclination to believe that others notice our behavior and looks more than they actually do.