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:

Middle-Aged Woman

A female individual who is in the middle stage of her life, typically considered to be between the ages of about 45 and 65.

Accepted

Generally approved or recognized; widely agreed upon.

Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not; also can include a broader network of relatives.

Set Point

A theory suggesting that the body regulates its weight and energy balance through internal controls, aiming to maintain a certain level or "set point."