Which of the Following Are Temporary Accounts That Are Closed

question 82

Multiple Choice

Which of the following are temporary accounts that are closed at the end of the year?

• A) assets, liabilities, and Owner, Withdrawals
• B) revenues, expenses, and Owner, Withdrawals
• C) assets, liabilities, and owner's equity
• D) revenues, expenses, and owner's equity

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Definitions:

Historical Relationship

The examination and understanding of how past interactions, patterns, or events influence current states or future developments.

Ratio Analysis

A quantitative method of projecting HR demand by analyzing the historical relationship between an operational index and the number of employees required.

Operational Index

A quantifiable measure used to assess, compare, and track the efficiency or performance of a business's operations over time.

Estimating HR Demand

The process of forecasting the future needs for human resources in an organization based on operational requirements and strategic goals.