Question
What is the only real (vs. nominal) account that is included in a closing entry? a . Common Stock b . Retained Earnings c .
What is the only real (vs. nominal) account that is included in a closing entry?
a. Common Stock b. Retained Earnings c. Dividends d. Cash e. Only nominal accounts are included in any closing entry, never real accounts.
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Performance Auditing Measuring Inputs, Outputs, And Outcomes
Authors: Stephen L. Morgan, Ronell B. Raaum, Colleen G. Waring
3rd Edition
0894139762, 9780894139765
