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aof.sorular.net Accountıng I ACCOUNTING I Dersi Completing the Accounting Cycle soru cevapları

ACCOUNTING I Dersi Completing the Accounting Cycle soru detayı:

PAYLAŞ:

SORU:

What must be done in order to close revenue accounts?


CEVAP:

Revenue accounts have credit balances or have no balances at the end of the term. In order to close revenue accounts, the revenue account must be debited with the same amount equal to its credit balance.