If a business had a net loss for the year, what would be the closing entry to
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If a business had a net loss for the year, what would be the closing entry to close Income Summary and transfer the net loss to the Owner, Capital account?
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Related Book For
Horngrens Accounting The Financial Chapters
ISBN: 9780137884858
14th Edition
Authors: Brenda Mattison, Tracie Miller-Nobles
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