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Which of the Following Is Not a Correct Closing Entry \quad

Question 61

Multiple Choice

Which of the following is not a correct closing entry? A. Retained earnings
\quad Revenues
\quad Expenses
B. Revenues
\quad Gain on sale of land
\quad Expenses
\quad Retained earnings
C. Revenues
\quad Loss on sale of Building
\quad Expenses
\quad Retained earnings
D. Loss on sale of land
\quad Expenses
\quad Revenues
\quad Retained earnings


A) Option A
B) Option B
C) Option C
D) Option D

Correct Answer:

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