Multiple Choice
At the end of each accounting period,the dollar amounts in all the revenue and expense accounts are moved into an account called _____.
A) net earnings
B) net expense
C) interest expense
D) retained expense
E) retained earnings
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q14: What are the fundamentals of the accounting
Q15: _ compare current assets to current liabilities
Q16: Which of the following equations is used
Q17: _,a category of cash flow,is calculated from
Q18: Which of the following is the first
Q20: _,a category of cash flow,is calculated from
Q21: The financial document that presents a "snapshot"
Q22: A short-term lender examines a firm's _
Q23: A long-term lender,when lending money is more
Q24: The balance sheet indicates what an organization