Question
At the end of the year, what is included in the CLOSING ENTRY to close a REVENUE account? A.CREDIT to Revenue B.CREDIT to Cash C.DEBIT
At the end of the year, what is included in the CLOSING ENTRY to close a REVENUE account?
A.CREDIT to Revenue
B.CREDIT to Cash
C.DEBIT to Accounts Receivable
D.CREDIT to Accounts Receivable
E.DEBIT to Cash
F.DEBIT to Revenue
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Financial And Managerial Accounting Working Papers Volume I
Authors: Belverd E. Needles
7th Edition
061839365X, 978-0618393657
