When There Is a Net Loss,the Entry to Close the Income

question 17

Multiple Choice

When there is a net loss,the entry to close the Income Summary account is

• A)debit Owner's Capital and credit Income Summary.
• B)debit Income Summary and credit Owner's Capital.
• C)debit Net Loss and credit Income Summary.
• D)debit Income Summary and credit Net Loss.

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Definitions:

Nursing Assistive Personnel

Staff who assist registered nurses (RNs) and licensed practical nurses (LPNs) in providing patient care, typically with less formal training.

Enema

Procedure involving introduction of a solution into the rectum for cleansing or therapeutic purposes.

Bowel Obstruction

A medical condition where there is a blockage in the intestines that prevents gas, fluids, or solids from moving through normally.

Chronic Cathartic

Long-term use of laxatives, which can be harmful and lead to dependency.