It Is Necessary to Post the Closing Entries to the General

question 157

True/False

It is necessary to post the closing entries to the general ledger.

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Definitions:

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Principle Of Falsifiability

A criterion for scientific inquiry proposed by Karl Popper, stating that for a theory to be considered scientific, it must be able to be proven false.

Denialism

The choice to deny reality as a way to avoid a psychologically uncomfortable truth.