Question
14. The income summary account is used to _______________. A zero out expense and revenue accounts at the end of the period B set aside
14. The income summary account is used to _______________.
| A | zero out expense and revenue accounts at the end of the period |
| B | set aside earned money available to owners |
| C | calculate net income |
| D | record a history of income items |
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The Myth Of Measurement Inspection Audit Targets And The Public Sector
Authors: Nick Frost
1st Edition
1529732662, 978-1529732665
