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The Last Step of the Closing Process of a Merchandiser

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True/False

The last step of the closing process of a merchandiser is to make the expense accounts equal zero via the Income Summary account.


Definitions:

Gastrodermis

The inner lining of the digestive cavity in cnidarians and some other invertebrate animals.

Epidermis

In mammals, the outer, protective layer of the skin; in plants, tissue that covers roots, leaves, and stems of nonwoody organisms.

Flame Cells

Specialized cells in certain invertebrates, including flatworms, used for excreting excess water and waste.

Hemolymph

A fluid equivalent to blood in most invertebrates, occupying the interior of their bodies and bathing their cells.

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