This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The account to which revenue and expenses are closed is called a. Cash. b. Drawing. c. Income ... (Read 96 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jul 5, 2018
The account to which revenue and expenses are closed is called
 a. Cash.
   b. Drawing.
   c. Income Summary.
   d. Net Income.

Question 2

The form of the balance sheet in which assets, liabilities, and owner's equity are presented in a downward sequence is called the report form.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akudia

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

True


burton19126

  • Member
  • Posts: 532
Reply 2 on: Jul 5, 2018
:D TYSM

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Distribution of the Income of Americans Distribution of the Income of Americans
RECONSTRUCTION DRAWING OF MAMMOTH-BONE HOUSES RECONSTRUCTION DRAWING OF MAMMOTH-BONE HOUSES
Reconstruction Drawing of the Giza Plateau Seen from Above Reconstruction Drawing of the Giza Plateau Seen from Above
Reconstruction Drawing Of The Citadel At Mycenae At Its Most Developed State Reconstruction Drawing Of The Citadel At Mycenae At Its Most Developed State
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Christmas Jesus birth kids drawing Christmas Jesus birth kids drawing
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library