Where can closing entries be found?
A)In a company's general journal
B)On a company's worksheet
C)On a company's statement of changes in equity
D)On a company's balance sheet

Question

Quizplus · Accepted Answer

Closing entries are made in the general journal at the end of an accounting period to transfer the balances of temporary accounts such as revenues and expenses to the permanent accounts such as retained earnings. Therefore, the correct answer is A) In a company's general journal.

Where Can Closing Entries Be Found