Retained earnings is what type of account?
A) Equity
B) Income
C) Expenses
D) Asset
Correct Answer:
Verified
Q37: The balance in the profit or loss
Q38: Which of the following accounts should be
Q39: Which of the following accounts is closed
Q40: The post-closing trial balance contains only:
A) balance
Q41: Which of the following statements is true?
A)
Q43: Assume reversing entries are made by the
Q44: Which of the following statements relating to
Q45: Cash distributions authorised by the directors and
Q46: Which of the following statements is correct
Q47: In accounting for a partnership, capital and
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