After the closing entries are posted to the ledger, each revenue account will have:
A)either a debit or a credit balance.
B)a credit balance.
C)a debit balance.
D)a zero balance.

Name: After the closing entries are posted to the ledger, each revenue account will have: A)either a debit or a credit balance. B)a credit balance. C)a debit balance. D)a zero balance.
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Question

Quizplus · Accepted Answer

After closing entries are posted, revenue accounts are closed to the income summary and will have a zero balance.

After the Closing Entries Are Posted to the Ledger, Each