Solved

Accounting Entries Made at the End of an Accounting Year

Question 3

Multiple Choice

Accounting entries made at the end of an accounting year to reduce expense and income accounts to zero are called:

A) adjusting entries.
B) correcting entries.
C) end of period entries.
D) closing entries.

Related Questions

Q1: Because income and expenses are accumulated for

Q2: Which statement relating to the profit or

Q4: On 1 January Make More Company Pty

Q5: Closing which of these accounts results in

Q6: Which of these is not recorded on

Q8: Closing entries are made:<br>A) in the ledger

Q9: Cash distributions made to the owners of

Q10: Interim statements are:<br>A) summary statements.<br>B) prepared by

Q11: Which of the following is the correct

Q39: In the closing process which accounts are