Free Exam: Accounting 12 Chapter 4 ALL
Number of Questions in Test: 64
Number of Questions in Preview: 5
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Closing entries are made
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 2
Closing entries are
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 3
The Owner's Capital account
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 4
Which of the following is an example of a temporary account that will be closed to Owner's Capital at the end of the accounting period?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 5
Closing entries are journalized and posted
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |