The Entry to Close the Withdrawals Account Is

question 168

Multiple Choice

The entry to close the Withdrawals account is

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

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Definitions:

Group Size

The number of individuals present within a social group, which can influence the group's dynamics and interactions.

Decision Time

The period during which an individual evaluates available options and chooses a course of action.

Neurons

Specialized cells transmitting nerve impulses; the fundamental units of the brain and nervous system.

Terminal Buttons

The small knobs at the end of an axon that release chemicals (neurotransmitters) to transmit the nerve impulse to the next neuron.