Which of the Following Accounts Is Not Closed During the Closing

question 146

Multiple Choice

Which of the following accounts is not closed during the closing process?

• A)Owner's Capital
• B)Commissions Earned
• C)Income Summary.
• D)Withdrawals

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Definitions:

Peer Recognition Platforms

Digital or traditional systems designed to enable employees to acknowledge and celebrate their colleagues' achievements and contributions.

Organizational Behaviour Modification

A systematic approach to influencing organizational behavior through the application of reinforcement theory, aiming to reinforce desired behaviors and reduce undesired ones.

Reinforcement Strategy

An approach that uses rewards or punishments to strengthen desired behavior or extinguish unwanted behavior.

Reinforcement Strategies

Techniques used to encourage and increase the likelihood of a desired behavior by applying positive or negative reinforcements.