Question: The temporary account used only for the closing process that contains a credit for fotal reverves ( and gains ) and a debit for lotal
The temporary account used only for the closing process that contains a credit for fotal reverves and gains and a debit for lotal expenses and losses is the:
Multiple Oroice
Income Summary account.
Oosing accourt.
Baiance column account.
Comes account
Bew Accour
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
