Which of These Accounts Is Closed to the Profit and Loss

question 13

Multiple Choice

Which of these accounts is closed to the profit and loss summary account?

• A)GST outlays
• B)Depreciation expense
• C)Owner's drawings
• D)Prepaid insurance

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Definitions:

Persuasive Message

Communication designed to influence or convince the audience of a specific viewpoint or to take a particular action.

Addressed

The act of directing attention or communication to a specific person or issue.

Credibility

The quality of being trusted and believed in, often based on a track record of honesty, reliability, and competence.

Interest and Desire

Interest and desire are stages in the AIDA marketing model that describe how to attract a customer's attention and then stimulate their desire for a product or service.