Author Question: The fourth step in the closing procedure is to close the Income Summary account into the Capital ... (Read 65 times)

hubes95 · **on:** Jul 6, 2018

The fourth step in the closing procedure is to close the Income Summary account into the Capital account.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The direct method of proof is always preferable to the indirect method because it

A) provides a lesser level of uncertainty.
B) is generally more dissuasive.
C) is easier to refute.
D) uses more circumstantial evidence.

josephsuarez · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

False

Answer to Question 2

A
Explanation: A) The direct method of proof is always preferable to the indirect method because it provides a lesser level of uncertainty.