When Closing Entries Are Made

question 85

Multiple Choice

When closing entries are made:

• A)All ledger accounts are closed to start the new accounting period.
• B)All temporary accounts are closed but permanent accounts are not closed.
• C)All real accounts are closed but nominal accounts are not closed.
• D)All permanent accounts are closed but nominal accounts are not closed.
• E)All balance sheet accounts are closed.

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Definitions:

Depolarization

A process in which the electrical charge of a cell membrane is reduced, allowing for the initiation of electrical impulses in nerve and muscle cells.

Electrical Impulses

Rapid, transient flows of electric charge that transmit information within the nervous system and across synapses, or power devices like pacemakers.

SA Node

The sinoatrial node, a group of cells in the right atrium of the heart that initiates the heart's electrical impulses, acting as a natural pacemaker.

AC Interference

Alternating Current interference; disturbances in electronic equipment caused by alternating current supply.