Which of the following is a real account?
A) Cash
B) Accounts Payable
C) Utilities Expense
D) A and B are correct
Correct Answer:
Verified
Q74: The Capital account debited and the Withdrawals
Q75: When the expenses are closed:
A) Owner's Capital
Q76: When the Withdrawals account is closed:
A) Owner's
Q77: There are 7 closing entries.
Q78: When closing the Withdrawal account:
A) Capital would
Q80: The Income Summary account debited and the
Q81: Nominal accounts are called temporary accounts because
Q82: The balance in Income Summary after posting
Q83: A real account is the same as
Q84: Closing entries will update the Capital account
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