Could closing entries be made without using the Income Summary account?

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Question Posted: Mar 26, 2014 07:59 AM

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Could closing entries be made without using the Income Summary account?

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Since the Income Summary account is used to accumulate a ...View the full answer

Principles of Accounting

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