Which of the Following Accounts Will Be Closed by Debiting

question 132

Multiple Choice

Which of the following accounts will be closed by debiting the Income Summary account?

• A) Owner, Capital
• B) Service Revenue
• C) Accounts Receivable
• D) Salaries Expense

---

Definitions:

Psychosocial Development

A theory by Erik Erikson that describes how individuals evolve through various social and emotional stages from infancy to adulthood.

Maladaptive Coping

Unhealthy ways of dealing with stress, emotions, or problems that can exacerbate the situation or cause additional issues.

Ego Identity

A sense of one's identity and personal worth developed during adolescence, as conceptualized by Erik Erikson.

Ego

The part of the psyche that mediates between the desires of the id, demands of the reality, and the moral standards of the superego in psychoanalytic theory.