The Entry to Close the Drawing Account Would Involve a

question 54

Multiple Choice

The entry to close the drawing account would involve a

• A) debit to capital.
• B) credit to cash.
• C) debit to Income Summary.
• D) credit to net income.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Race Riot

A public outbreak of violence between racial groups in a community, often triggered by social unrest, discrimination, or racial tensions.

1943

A year during World War II marked by significant military events, including the Battle of Stalingrad's conclusion and the Allies' invasion of Italy.

Detroit

A major city in the state of Michigan, known for its significant contributions to the automotive industry and American music.