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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 to close the expense accounts?


CEVAP:

Expense accounts have debit balances or have no balances at the end of the period. In order to close the expense accounts, the expense accounts must be credited with the same amount equal to its debit balance.