Answer:
B. Must be journalized and posted
Explanation:
Closing entries is a term that describes journal entries made to transfer temporary account to permanent account, it is prepared at the end of each accounting period.
In other words, it is defined as temporary accounts, which is prepared before the financial statement.
Example of closing entries includes:
1. Revenue
2. Expenses
3. Dividends paid accounts
<span>Two independent variables.</span>
The capital city of India is New Delhi
Desoto on the shore of the mississippi
