Closing an Account Means

question 32

Multiple Choice

Closing an account means:

• A) reducing the balance to zero.
• B) transferring the balance to the trial balance.
• C) transferring the balance to the balance sheet.
• D) removing the account from the ledger.

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Definitions:

Consistency

The uniformity or regularity of a substance, or the degree to which something is consistent across different situations.

Consistency

The characteristic of maintaining a consistent level of quality in performance without significant fluctuations over time.

Concise Language

The use of few words to convey a message clearly and directly, without unnecessary verbiage.

Concise Language

The use of few words to convey much information or meaning, emphasizing clarity and brevity.