Help Save & Exit 1 Submit Which of the following statements is true regarding the effect of a net loss on the closing process? Multiple Choice a company has a net loss, the closing entry will include debits to the revenue accompts. credits to the expense accounts, and a credit to Retained earnings ita company has a net loss during the current accounting period, then the ending retained earnings will be amater than the beginning retained carings a company is not loss, the amount of revenues to be closed wil be greater than the amount of expenses to be closed in the closing process When countries are prepared contributed capitalis debitedia company has a netto