Closing Entries

5 Activities

The process of closing the accounts at the end of the accounting period means that

A) the balances of all accounts are closed to zero.

B) the balances of all asset, liability and equity accounts are closed to zero.

C) the balances of all revenue and expense accounts are closed to zero.

D) the balances of all statement of earnings accounts, and the Dividend declared account are closed to zero.

I don't know