Accountıng I Deneme Sınavı Sorusu #1135357
Which of the following is defined as tansferring the balances of the revenue and expense accounts to Income summary account, and transferring Income Summary account’s balance to Capital account?
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Closing Entries |
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Adjusted Trial Balance |
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Post Closing Trial Balance |
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Income Summary |
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Income statement |
Yanıt Açıklaması:
Transferring the balances of the revenue and expense accounts to Income summary account, and transferring Income Summary account’s balance to Capital account are called the Closing Entries.
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