4. Immediately after closing entries are posted, which of the following types of accounts will have zero

Question:

4. Immediately after closing entries are posted, which of the following types of accounts will have zero balances? Select all that apply.

a. asset accounts

b. expense accounts

c. liability accounts

d. owner’s drawing account

e. Income Summary account

f. owner’s capital account g. revenue accounts

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: