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Can someone please explain to me why question 17 option a is not right

And please explain to me question 20 : why a d b e are all included and c is not

Thanks a lot

tobie a bo temportent decone- What is the main purpose(s) of the closing entry? (you may choose more than one answer) W to close the adjusting entries to prepare for the new quarter to ultimately transfer all net income to retained earnings c. x6 zero out temporary accounts d. to reduce retained earningsch e. none of the above 18 The difference between cash basis and accrual basis accounting is that cash basis does not Have (you may choose more than one answer): a) Journal entries b) Retained earnings c) Net income d) Deferrals and accruals e) Debits and credits f) T-accounts 19. Which statement explains the difference between cash basis accounting and accrual basis accounting? You may choose more than one answer. Vor some revenues do not represent cash inflows VbYsome expenses do not represent cash outflows some cash inflows are not considered revenues y some cash outflows are not considered expenses (e) none of the above a dobe 12. Which financial statement(s) are reported for a period of time (rather than a point in time)? You may choose more than one answer. financial statements: La Income statement b) Statement of retained earnings c) Balance sheet d) Statement of cash flows c) Bank checking account 1. Balance sheet 2. Inome Statement 3. Statement of Retednal Econnuel