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Which of the Following Accounts Are Debited When Closing Entries

Question 19

Multiple Choice

Which of the following accounts are debited when closing entries are made for the general fund (assume outstanding encumbrances lapse at year-end) ? Which of the following accounts are debited when closing entries are made for the general fund (assume outstanding encumbrances lapse at year-end) ? A) I, II, III, VI. B) I, II, IV. C) I, IV, V, VI. D) III, IV, V.


A) I, II, III, VI.
B) I, II, IV.
C) I, IV, V, VI.
D) III, IV, V.

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