The Closing Entry for an Expense Account Would Consist of A

question 50

Multiple Choice

The closing entry for an expense account would consist of a:

• A)Debit to Income Summary and a credit to the expense account.
• B)Debit to the expense account and a credit to Income Summary.
• C)Credit to Retained Earnings and a debit to the expense account.
• D)Credit to Revenue and a debit to the expense account.

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Definitions:

La Pittura

An Italian term for painting, often used to reference the Renaissance movement and its focus on advancing art techniques and realism.

Artemesia Gentileschi

A prominent female painter of the Baroque period, known for her powerful depictions of biblical and mythological female figures.

Cesare Ripa

An Italian iconographer known for his influential book "Iconologia," which provided a comprehensive collection of emblematic figures and allegories.

Martyrdom of Saint Serapion

A Baroque painting by Francisco de Zurbarán, depicting the martyrdom of Saint Serapion, a member of the Mercedarian order, known for its stark realism and emotional depth.