Which of the Following Statements Is Not Correct

question 25

Multiple Choice

Which of the following statements is not correct?

• A) After closing entries are posted,the revenue,expense,and drawing accounts will have zero balances.
• B) At the end of each accounting period,asset and liability account balances are reduced to zero.
• C) A post-closing trial balance will not contain revenue and expense account balances.
• D) Adjusting entries must be journalized and posted before the closing entries are journalized and posted.

Appreciate the diversity of training methods and their impact on team building and development.

Assess the role of informal communication in fostering team development and cohesion.

Evaluate the necessity of leadership empowerment and enablement for team success.

Understand the contribution of freelancers and the gig economy to virtual team dynamics.

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Definitions:

Percentage

A way of expressing a number as a fraction of 100, denoting a part of a whole in terms of per hundred.

CSR Activities

Corporate Social Responsibility activities involve companies taking responsibility for their effects on environmental and social well-being, often going beyond legal requirements.

Legal Impact

The effect or influence of law on an activity, process, or situation, often in terms of compliance or litigation.

Prosecuted

The action of formally accusing someone of a crime and conducting legal proceedings against them in a court.