A) Cash 110 000 Capital 110 000
B) Profit or loss summary 110 000 Capital 110 000
C) Capital 110 000 Cash 110 000
D) Capital 110 000 Profit or loss summary 110 000
Correct Answer:
Verified
Q29: What is the closing entry for drawings
Q30: Which of the following is the correct
Q31: On a worksheet if the opening balance
Q32: The major purpose of a post-closing trial
Q33: Which of these is not recorded on
Q35: Which statement relating to closing entries is
Q36: Which statement relating to the profit or
Q37: Which of the following is the correct
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