After closing, which accounts have zero balances? a. Liability and capital accounts b. Asset and liability accounts
Question:
After closing, which accounts have zero balances?
a. Liability and capital accounts
b. Asset and liability accounts
c. Revenue, drawing, and expense accounts
d. Liability, drawing, and expense accounts
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The correct answer is d Liability drawing and expense accounts The reason the correct answer i...View the full answer
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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