Closing an Account Means

question 36

Multiple Choice

Closing an account means:

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

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Definitions:

Ethnic Groups

Communities or populations sharing common cultural traditions, ancestry, language, or religion, which distinguishes them from other groups.

Immigration Patterns

Trends or movements of people across borders into new countries or regions, especially for the purpose of permanent residence or employment.

Eastern Europe

A geographical and cultural region that encompasses many countries to the east of Central Europe.

Central and South America

are geographical regions in the Americas, consisting of countries with diverse cultures, histories, and ecosystems.