Closing Entries Are Dated in the Journal as of

question 106

Multiple Choice

Closing entries are dated in the journal as of

• A) the date they are actually journalized, although they are generally prepared after the end of the accounting period
• B) the last day of the accounting period, although they are actually journalized after the end of the accounting period
• C) the first day of the accounting period, although they are actually journalized after the end of the accounting period
• D) the first day of the subsequent accounting period

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Cognitive Ability

The capacity to perform mental processes like learning, reasoning, problem solving, and decision making.

Integrity

The quality of being honest and having strong moral principles.

Flexibility

The ability to adapt to changes and respond to varying environments or circumstances.