Closing Entries Never Involve Posting a Credit to The

question 128

Multiple Choice

Closing entries never involve posting a credit to the:

• A) Income Summary account.
• B) Accumulated Depreciation account.
• C) Dividends.
• D) Depreciation Expense account.

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Definitions:

Attribution Error

The tendency to incorrectly attribute the cause of a person's behavior to their personality rather than to external factors.

Sales Performance

The measurement of sales activities effectiveness and outcomes, often assessed against set targets or benchmarks.

Performance Appraisal

A systematic evaluation of an individual employee's job performance and productivity, usually involving feedback and discussion.

Experiential Learning

A learning process through direct experience, reflecting on, and drawing lessons from that experience.