Which of the Following Is a Possible Closing Entry

question 1

Multiple Choice

Which of the following is a possible closing entry?

• A)Debit Cash,credit Service Revenue.
• B)Debit Cash,credit Retained Earnings.
• C)Debit Service Revenue,credit Retained Earnings.

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Definitions:

Familism

A sense of family obligation, common in Hispanic families.

Hispanic Families

Family units rooted in Hispanic culture that often emphasize traditional values like respect, familial responsibility, and strong kinship bonds.

Risk Factors

Characteristics or conditions that increase the likelihood of developing a disease, experiencing health problems, or sustaining injuries.

Negative Outcomes

Undesirable results or consequences that arise from a particular action or situation.