Closing entries result in net income being calculated in the-10844
Closing entries result in net income being calculated in the income summary account and then transferred to which of the following account?
This multiple choice question (MCQ) is related to the book/course
vu fin621 Financial Statement Analysis.
It can also be found in
vu fin621 Final Term - Quiz No.2.
Closing entries result in net income being calculated in the income summary account and then transferred to which of the following account?
Revenue account
Common Stock account
Dividends account
Retained Earnings account
