Which of the Following Could Not Possibly Be a Closing

question 134

Multiple Choice

Which of the following could not possibly be a closing entry?

• A)Debit Income Summary and credit owner's Capital
• B)Debit Income Summary and credit Withdrawals
• C)Debit owner's Capital and credit Withdrawals
• D)Debit owner's Capital and credit Income Summary

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Definitions:

Record Source

The specific data set or database table that provides the records for data operations, such as forms or reports in a software application.

Blank Form

An unmarked and empty template or document that can be filled out with information, often used in surveys, applications, and registrations.

Record Source

The data source for a form, report, or data access page which defines which fields from which table or query are accessible.

Tabular Layout

The arrangement of data or information in rows and columns, resembling a table, often used for clarity and easy comparison.