There are four closing entries.

Question
There are four closing entries. The first one is to close revenues, the second one is to close expenses, the third one is to close ____, and the last one is to close the ____. – Q/A (Question and Answer)

Test Answer

Answer:

Income Summary, drawing account

Recource Accounting Chapter 4 Questions And Answers

Unlock this answer Join StudyHippo to unlock
unlock
Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New