Question: The closing journal entry for sales is to debit ANSWER account and credit ANSWER account. Is it debit SALES and credit TRADING or the other
The closing journal entry for sales is to debit "ANSWER" account and credit "ANSWER" account.
Is it debit "SALES" and credit "TRADING" or the other way around?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
