Suppose you are closing the books for the accounting period and you have a balance of $75,000

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Suppose you are closing the books for the accounting period and you have a balance of $75,000 in your Sales account. What should you do with that balance?

A. You should carry it over to the next accounting period.

B. You should zero it out.

C. You should start a new Sales account.

D. You should make adjustments.

Posted Date: May 30, 2024 08:14 PM

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Suppose you are closing the books for the accounting period and you have a balance of $75,000

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