Which Account Has a Balance Equal to Profit Immediately Before

question 29

Multiple Choice

Which account has a balance equal to profit immediately before it is closed?

• A)The Capital account
• B)The Income summary account
• C)The Drawings account
• D)The Profit account

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Definitions:

False Imprisonment

The unlawful restraint of a person's freedom of movement, without legal justification.

Applies Restraints

The practice of using physical or pharmacological means to prevent a patient from causing harm to themselves or others.

Immediate Restraints

Techniques or devices employed urgently to prevent a person from harming themselves or others, often used in healthcare settings.

Invasion of Privacy

Unwarranted intrusion into an individual's personal life or confidential information without consent.