To which of the following accounts should the balance in the income summary account be closed? a.
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Question:
To which of the following accounts should the balance in the income summary account be closed?
a. Draws
b. Net income
c. Owner's capital
d. Service revenue
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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