The Balance in a Revenue Account at the Beginning of an Accounting

question 121

Multiple Choice

The balance in a revenue account at the beginning of an accounting period will always be

• A)equal to the amount of retained earnings for the previous period.
• B)last period's ending balance.
• C)higher than the previous periods beginning balance.
• D)zero.

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Definitions:

Transmission

The process by which something is conveyed or carried from one place to another, often used in the context of diseases, mechanical power, or information.

High Fever

An elevated body temperature significantly above the normal range, often a sign of infection, inflammation, or other medical conditions.

Severe Headache

A headache of intense severity that can indicate serious health issues, such as migraine, high blood pressure, or brain disorders.

Stiff Neck

A condition characterized by pain and difficulty in moving the neck, often due to muscle strain or tension.