The Entry to Close Expenses Would Involve (A)

question 37

Multiple Choice

The entry to close expenses would involve (a)

• A) debit to Income Summary
• B) debit to drawing.
• C) credit to net income.
• D) debits to expense accounts.

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Definitions:

Mixers

Devices or software used to combine, adjust, and control the levels of different audio signals.

Average Fixed Cost

The constant expenses associated with manufacturing divided by the amount of product created.

Mixers

Devices used to blend or mix various ingredients together, common in food processing and preparation.

Average Total Cost

The total cost of production divided by the number of units produced, representing the cost per unit.