Which Statement Is NOT True

question 100

Multiple Choice

Which statement is NOT true?

• A) Shamans still exist in some areas of the world.
• B) The decline of shamanism was due to the development of centralized religions in Egyptian and Babylonian societies.
• C) Shamanism was eventually replaced by more extreme practices in certain parts of the world before it died out completely.
• D) Modern shamanic healing utilizes hallucination-producing plants.

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Definitions:

Temporary Accounts

Accounts that are closed at the end of each accounting period; examples include revenue, expense, and dividend accounts.

Owner's Capital Account

An account that represents the total equity or ownership interest of the owner(s) in a business, reflecting contributions and withdrawals.

Closing Entries

Entries recorded at the conclusion of an accounting cycle to shift balances from temporary to permanent accounts.

Ledger

A book or other collection of financial accounts where all transactions are summarized and recorded.