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The journal entry required to close the dividends account includes a debit to Income Summary and a credit to Dividends. a debit to Retained Earnings
The journal entry required to close the dividends account includes
- a debit to Income Summary and a credit to Dividends.
- a debit to Retained Earnings and a credit to Dividends.
- a debit to Retained Earnings and a credit to Cash.
- None of these choices are correct.
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Sarbanes Oxley Internal Controls Effective Auditing With AS5 CobiT And ITIL
Authors: Robert R. Moeller
1st Edition
0470170921, 978-0470170922
