Closing entries are recorded:
A) in the ledger only.
B) in the journal only.
C) in the journal and the ledger.
D) on the worksheet.
Correct Answer:
Verified
Q31: The correct closing entry for sales income
Q32: Which adjustment would never require a reversing
Q33: Telephone expenses for the year are $13
Q34: Closing which of the following accounts results
Q35: The balance of the rent expense account
Q37: The balance in the profit or loss
Q38: Which of the following accounts should be
Q39: Which of the following accounts is closed
Q40: The post-closing trial balance contains only:
A) balance
Q41: Which of the following statements is true?
A)
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