Accountıng I Deneme Sınavı Sorusu #1179487
Which of the accounts below are the only ones that have balances left at the end of the period?
I.Revenue accounts
II.Assets
III. Expense accounts
IV. Capital accounts
V.Liabilities
I, II, III |
III, IV, V |
II, IV, V |
I, III, V |
II, III, V |
Yanıt Açıklaması:
As the revenue accounts, expense accounts and Income Summary accounts were closed, it means that they have no balances. So, in the post-closing trial balance those type of accounts will not take place. Assets, liabilities and Capital accounts are the only accounts that have balances left at the end of the period.
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