Question: Which of the following is not a correct statement? Multiple Choice Expense accounts are closed with credits. Revenue accounts are closed with debits. The Dividends

Which of the following is not a correct statement?
Multiple Choice
Expense accounts are closed with credits.
Revenue accounts are closed with debits.
The Dividends account is closed with a credit.
The Retained Earnings account is closed with a debit.
 Which of the following is not a correct statement? Multiple Choice

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!