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If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a
If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a
a. debit to the owners capital account.
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| b. credit to the owners drawings account. |
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| c. debit to the owners drawings account. |
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| d. credit to the owners capital account. |
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A Guide To Auditing Programmes And Projects
Authors: Andrew Schuster, APM Assurance SIG
1st Edition
191330521X, 978-1913305215
