The closing entry for Sales Discounts includes a. Sales Discounts b. Sales Discounts Income Summary Sales Revenue
Question:
The closing entry for Sales Discounts includes
a. Sales Discounts
b. Sales Discounts Income Summary Sales Revenue
c. Income Summary Sales Discounts
d. Not used: Sales Discounts is a permanent account, which is not closed.
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Related Book For
Horngrens Accounting Volume 1
ISBN: 9780135359709
11th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
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