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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 134 times)

cabate

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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

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Reply #1 on: Jul 6, 2018
Answer to Question 1

b

Answer to Question 2

b


cabate

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Reply #2 on: Jul 6, 2018
Thank you


jasonq

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Reply #3 on: Jul 6, 2018
No problemo


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