Preparation of Closing Entries

question 34

Multiple Choice

Preparation of closing entries

• A)is an optional step in the accounting cycle.
• B)is the first step after posting to the general ledger.
• C)assist in achieving periodicity and accrual accounting.
• D)All of these choices.

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Definitions:

Bilirubin

A yellow compound that occurs in the normal catabolic pathway that breaks down heme in red blood cells, its levels are tested to check liver function.

Acute Glomerulonephritis

Rapid onset inflammation of the glomeruli, which are small structures in the kidneys that filter blood.

Urinalysis

A test of urine to detect and manage a wide range of disorders, such as urinary tract infections, kidney disease, and diabetes.

Refrigerated

Maintained or kept cool in a fridge to preserve freshness, prevent spoilage, or slow down chemical reactions.