Which of the Following Accounts Are Debited When Closing Entries

question 18

Multiple Choice

Which of the following accounts are debited when closing entries are made for the general fund (assume outstanding encumbrances lapse at year-end) ?

• A)I,II,III,VI.
• B)I,II,IV.
• C)I,IV,V,VI.
• D)III,IV,V.

---

Definitions:

Measurement

The process of obtaining a numerical value to represent a variable or attribute.

Program Planning

The process of establishing objectives, strategies, and activities to achieve a specific goal.

Community Partners

Organizations or groups that collaborate with researchers or projects to address issues affecting their community.

Literature Review

An in-depth analysis and summary of previous research on a specific topic, often the first step in a new research project.