Closing entries are
A) an optional step in the accounting cycle.
B) posted to the ledger accounts from the worksheet.
C) made to close permanent or real accounts.
D) journalized in the general journal.
Correct Answer:
Verified
Q44: Adjusting entries are prepared from
A) source documents.
B)
Q45: When using a worksheet adjusting entries are
Q46: The income summary account
A) is a permanent
Q47: The income statement and balance sheet columns
Q48: A worksheet is a multiple column form
Q50: The worksheet does not show
A) net income
Q51: The account Supplies will appear in the
Q52: After the adjusting entries are journalized and
Q53: The income statement and balance sheet columns
Q54: Which of the following companies would be
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