Please choose correct option for following: D) Which statement is correct? a At the beginning of the fiscal year an entity's permanent accounts should all have a zero balance b. Dividends declared are a reduction of income summary c. If an error is detected in the trial balance stage, a closing entry is made to correct the error d. It is possible for cash collected from customers in the period, to be either greater than or less than recorded revenue ii)Which of the following accounts is closed at the end of a fiscal period? Oa. Prepaid Insurance b. Interest Revenue c. Accumulated Depreciation d. Supplies iii) What is the normal balance of sales discount, accounts payable, and dividends declared Krespectively)? a Debit, credit, debit O b. Credit, credit, debit c. None of the above d. Debit, debit, debit