A Merchandiser Uses a Perpetual Inventory System

question 272

Multiple Choice

A merchandiser uses a perpetual inventory system.The third step in the process of closing the accounts of a merchandiser is to ________.

• A) make the revenue accounts equal to zero via the Income Summary account
• B) make the Income Summary account equal to zero via the Owner, Withdrawals account
• C) make the expense accounts equal to zero via the Income Summary account
• D) make the Income Summary account equal to zero via the Owner, Capital account

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Definitions:

Vital Signs

Clinical measurements that indicate the state of a patient’s essential body functions, including temperature, pulse, respiration rate, and blood pressure.

Blood Transfusion Reaction

An adverse response by the body to the transfusion of blood products, which can range from mild allergic reactions to severe complications.

Lactated Ringer's

A solution commonly used for fluid and electrolyte replenishment in medical treatment, containing sodium chloride, sodium lactate, potassium chloride, and calcium chloride in water.

D5W

A solution of 5% dextrose (sugar) in water, used as an intravenous fluid.