Please choose the correct option for the given scenario. Choose... The correct closing transfer entries for the sales account at the end of the financia year will be ... The correct closing transfer entries for the interest on fixed deposit account at the end of the financia credit interest on fixed deposit and debit the profit or loss account. debit sales and credit the profit or loss account. credit the depreciation account and debit the profit or loss account. debit sales and credit the trading account. debit the depreciation account and credit the profit or loss account. debit interest on fixed deposit and credit the profit or loss account. credit the credit losses account and debit the profit