Where can closing entries be found?
A) In a company's general journal
B) On a company's statement of owner's equity
C) On a company's worksheet
D) On a company's balance sheet

Question

Quizplus · Accepted Answer

Closing entries are journal entries that are made at the end of an accounting period to transfer the balances of temporary accounts (revenue, expenses, dividends) to the permanent account (retained earnings). Therefore, they can be found in a company's general journal.

Where Can Closing Entries Be Found