Multiple Choice
The first step in the closing process is to close
A) the drawing account.
B) the capital account.
C) the revenue accounts.
D) the expense accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q10: Which of the following accounts is not
Q11: The entry to close the Depreciation Expense
Q12: The partial worksheet for the Roberts Company
Q13: The owner's drawing account is closed by
Q14: Which of the following statements is not
Q16: Which of the following accounts has a
Q17: Use the following account balances from the
Q18: Trial balances are prepared in a certain
Q19: Managers often consult financial statements for specific
Q20: Which of the following accounts would be