The account to which revenue and expenses are closed is called __________.
Correct Answer:
Verified
Q82: The unadjusted trial balance for wages expense
Q85: Given the following information, compute the retained
Q86: Given the following information, prepare a statement
Q88: The adjusted trial balance for supplies was
Q89: Revenue accounts are closed by crediting them
Q90: Dividend accounts are closed by crediting them
Q91: The unadjusted trial balance shows Accumulated Depreciation-Computer
Q92: Expense accounts are closed by crediting them
Q107: To prove the equality of the debit
Q111: The post-closing trial balance is a listing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents