The Closing Entry for Expenses Includes

question 124

Multiple Choice

The closing entry for expenses includes:

• A)A debit to Dividends and a credit to all expense accounts.
• B)A debit to Retained Earnings and a credit to all expense accounts.
• C)A debit to Revenues and a credit to Retained Earnings.

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Definitions:

Therapist

A professional trained to treat mental health problems, emotional challenges, and psychiatric disorders through various therapeutic techniques.

Modeling

A psychological process of learning by observing and imitating others' behavior.

Observational Learning

A learning process where individuals change their behaviors by watching the actions of others and the outcomes of those actions.

Unified Protocol

An evidence-based, transdiagnostic psychotherapy designed to treat a range of emotional disorders by teaching individuals how to manage their emotions.