[Answered] The ____________________ account is a temporary account used in the closing process to summarize the ...

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Author Question: The ____________________ account is a temporary account used in the closing process to summarize the ... (Read 78 times)

burton19126

Hero Member
Posts: 532

on: Jul 5, 2018

The ___________________ _ account is a temporary account used in the closing process to summarize the effects of all revenue and expense accounts.
Fill in the blank(s) with correct word

Question 2

A corporation must be owned by two or more people.

Indicate whether the statement is true or false

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succesfull

Sr. Member
Posts: 339

Reply #1 on: Jul 5, 2018

Answer to Question 1

Income Summary

Answer to Question 2

FALSE

burton19126

Member
Posts: 532

Reply 2 on: Jul 5, 2018

Gracias!

kthug

Member
Posts: 332

Reply 3 on: Yesterday

TYSM

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