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:

Sense of Personhood

A person's self-concept and awareness of being an individual with distinct feelings, thoughts, and experiences.

Making Eye Contact

Establishing a visual connection with another person, which is often used as a form of non-verbal communication indicating attention or interest.

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A technique of listening attentively and empathetically to fully understand the speaker's message.

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