Multiple Choice
Which of the following would be the closing entry for dividends declared?
A) Dr.Expense summary, Cr.Dividends declared
B) Dr.Retained earnings, Cr.Dividends declared
C) Dr.Dividends declared, Cr.Expense summary
D) Dr.Dividends declared, Cr.Retained earnings
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Which of the following sequences concerning the
Q14: Which of the following is a listing
Q15: Which of the following amounts would be
Q16: Which of the following statements about the
Q17: A list of all the accounts used
Q19: An example of a contra asset account
Q20: Income statements prepared using which basis provide
Q21: Which of the following is the basic
Q22: Which of the following accounts normally has
Q23: The chart of accounts is:_<br>A)static<br>B)dynamic<br>C)not generally useful<br>D)contains