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The closing entries for tax are as follows: Event Dr Cr Closing Revenue To Partners Closing Deductions to Partners Closing Amortization to Partners Closing Deprecation
The closing entries for tax are as follows: | ||||
Event | Dr | Cr | ||
Closing Revenue | ||||
To Partners | ||||
Closing Deductions | ||||
to Partners | ||||
Closing | ||||
Amortization to | ||||
Partners | ||||
Closing | ||||
Deprecation to | ||||
Partners | ||||
Closing Gains from | ||||
Formation | ||||
Closing Gain from | ||||
Distribution of Land | ||||
Closing Nontaxable | ||||
Income | ||||
Closing | ||||
Nondeductible | ||||
Expenses | ||||
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