Question
The Income Summary account is used to a. close revenue accounts and expense accounts and update the owner's capital account. b. close the drawing
The Income Summary account is used to a. close revenue accounts and expense accounts and update the owner's capital account. b. close the drawing account. c. close the revenue accounts only. d. close the revenue accounts and expense accounts only.
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Linear Algebra And Its Applications
Authors: David Lay, Steven Lay, Judi McDonald
6th Global Edition
978-1292351216, 1292351217
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