Another Term for Gestation Is

question 42

Multiple Choice

Another term for gestation is

• A)development.
• B)pregnancy.
• C)fertilization.
• D)conception.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent ones, facilitating the start of a new accounting period.

Accounting Period

A specific period of time for which financial statements are prepared, often a year or a quarter.

Ledger Accounts

Detailed financial records maintained within the ledger, tracking transactions related to specific assets, liabilities, equity, income, and expenses.

Dividends Account

An account that records the dividends declared by a corporation to be distributed to its shareholders.