Accountıng I Deneme Sınavı Sorusu #1313768

In the closing process at first all revenues and expenses are closed to a pool account. Which one of the following is the name of this account?


Gross profit

Income summary

Net income

Net sales revenue

Income befre tax


Yanıt Açıklaması:

In the closing process at first all revenues and expenses are closed to a pool account, called “income summary”.

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