Asset and liability accounts are closed to the Income Summary account.
Correct Answer:
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Q60: An income statement includes _.
A)Land and Salaries
Q69: The Owner,Capital account is a temporary account.
Q70: As a part of the closing process,revenues
Q84: The Accumulated Depreciation account is a permanent
Q88: The closing process helps in measuring each
Q91: The Service Revenue account is a temporary
Q94: The Accounts Receivable account is a permanent
Q98: The Accounts Payable account is a temporary
Q100: In which of the columns of a
Q114: The Depreciation Expense account is a temporary
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