Closing Which of the Following Accounts Results in a Debit

question 55

Multiple Choice

Closing which of the following accounts results in a debit entry to the profit or loss summary account?

• A) Sales
• B) Insurance expense
• C) Interest revenue
• D) Drawings

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Definitions:

Portal Hypertension

Portal hypertension is a condition characterized by increased blood pressure within the portal venous system, often leading to complications such as variceal bleeding, ascites, and encephalopathy.

Secondary

A term indicating a condition or disease that has arisen as a result of another, primary disease or condition.

Hypotension

A condition marked by abnormally low blood pressure.

Malignant Lung Cancer

A type of cancer that originates in the lungs and has the potential to spread to other parts of the body.