The Entries That Transfer the Revenue,expense,and Withdrawals Balances to the Owner,Capital

question 142

Multiple Choice

The entries that transfer the revenue,expense,and withdrawals balances to the Owner,Capital account to prepare the company's books for the next period are called ________.

• A)closing entries
• B)opening entries
• C)adjusting entries
• D)temporary accounts

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Definitions:

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, carrying genetic information.

Von Willebrand Disease

A hematological disorder characterized by the body's inability to form blood clots properly due to the deficiency or dysfunction of von Willebrand factor, which is crucial in the clotting process.

Carrier

A person who carries and transmits characteristics but does not exhibit them.

Recessive Gene

A genetic trait that is expressed only when two copies of the gene are present, often overshadowed by a dominant counterpart.