All Variances Accounts Are Closed Out at the End of the Year

question 71

True/False

All variances accounts are closed out at the end of the year.

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Definitions:

Endocrine System

A network of glands in the body that produce hormones, which regulate metabolism, growth and development, tissue function, sexual function, reproduction, sleep, and mood, among other things.

Physiological Psychology

Physiological psychology is a branch of psychology that studies the relationship between behavior and the body’s physical processes and structures.

Psychological Approach

A perspective or method in psychology that emphasizes understanding human behavior and mental processes.

Positive

Characterized by the presence rather than the absence of distinguishing features, or constructive, optimistic, or confident in nature.