[Answered] The entry to close revenue would involve a a. debit to capital. b. credit to Income Summary. c. ...

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Author Question: The entry to close revenue would involve a a. debit to capital. b. credit to Income Summary. c. ... (Read 127 times)

cabate

Hero Member
Posts: 537

on: Jul 6, 2018

The entry to close revenue would involve a
a. debit to capital.
b. credit to Income Summary.
c. debit to net income.
d. credit to revenue.

Question 2

What organization has the authority to register, inspect, and discipline auditors of all publicly owned companies?

a. Public Company Accounting Oversight Board.
b. SOX.
c. Congress.
d. FASB.

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jasonq

Sr. Member
Posts: 335

Reply #1 on: Jul 6, 2018

Answer to Question 1

b

Answer to Question 2

b

cabate

Hero Member
Posts: 537

Reply #2 on: Jul 6, 2018

Thank you

jasonq

Sr. Member
Posts: 335

Reply #3 on: Jul 6, 2018

No problemo

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Author Question: The entry to close revenue would involve a a. debit to capital. b. credit to Income Summary. c. ... (Read 127 times)

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