The Correct Closing Entry for Sales Income of $60 000

question 16

Multiple Choice

The correct closing entry for sales income of $60 000 is:

• A) DR Sales income $60 000; CR Capital $60 000
• B) DR Capital $60 000; CR Sales income $60 000
• C) DR Sales income $60 000; CR Profit or loss summary account $60 000
• D) DR Profit or loss summary account $60 000; CR Sales income $60 000

Learn about the mechanisms of maintaining homeostasis in the human body.

Understand the role and structure of the skin and its functions in protection and regulation.

Distinguish between the body’s organ systems and their major functions.

Recognize the various types of body membranes and their functions.

---

Definitions:

Pollution Levels

The concentration of harmful substances in the environment, indicating the degree of pollution and potential risks to health and ecosystems.

Coal-Burning Facilities

Industrial plants where coal is used as the primary fuel to generate electricity or heat through combustion.

Cap-and-Trade

An environmental policy tool that sets a limit (cap) on emissions and allows entities to buy and sell allowances (trade) for emitting pollutants, aiming to reduce overall pollution in a cost-effective manner.

Gaseous Fuel

Fuel in a gaseous state used for heating, cooking, or powering vehicles, such as natural gas or propane.