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which of the following accounts are temporary accounts that must be closed at the end of the year?
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to what accounts is the balance in the income summary closed ?
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accounting

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QuestionAnswer
which of the following accounts are temporary accounts that must be closed at the end of the year? revenues, expenses, and withdrawals
to what accounts is the balance in the income summary closed ? the capital account
there are four closing entries the first one is___, the 2nd is___, the third one__ the last one is___ revenues, expenses, income summary, drawing account
unearned fee appear appear on the? balance sheet as a current liability
which of the following do not show up on a post closing trial balance ? revenues and expenses
which of the following entries will be necessary to close the insurance expense account at the end of the year debit insurance expense & credit income summary
which of the following account groups are all considered temporary accounts drawing account fees earned, rent expense
on which financial statement will income summary be shown no financial statement
accumulated depreciation appears on the balance sheet in the long-term liabilities section
the income statement will include the following accounts reverse less expense(ordered largest to smallest amount with miscellaneous expense listed last.
which of the following measures a company's ability to pay current liabilities with current assets current ratio
under which of the following categories would accounts payable ? current liabilities
which of the following statements is true concerning the worksheet? the worksheet is a document used to summarize data to prepare the financial statements
which of the following accounts would appear in the balance sheet credit column unearned service revenue
after posting the second closing entry to income summary account the balance will be equal to? the net income or (loss) for the period
which of the following accounts will be closed to the capital account at the end of fiscal year? income summary
which is not example of a temporary account accumulated depreciation
Created by: colecoe
 

 



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