Question
There are two closing entries. The first one is to close ____, the second one is to close ____. Expenses and assets; capital account Capital
There are two closing entries. The first one is to close ____, the second one is to close ____.
Expenses and assets; capital account
Capital account and drawing account; assets
Revenues and expenses; drawing account
Drawing account and liabilities; revenues
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
