menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 1
  4. Exam
    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
  5. Question
    When Closing Sales,which of the Following Accounts Will Also Be
Solved

When Closing Sales,which of the Following Accounts Will Also Be

Question 102

Question 102

Multiple Choice

When closing sales,which of the following accounts will also be closed?


A) Sales Returns and Allowances
B) Purchases Discount
C) Purchases
D) Unearned Revenue

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q98: For each of the following, identify

Q100: For each of the following, identify

Q100: The average time it takes to buy

Q101: The following amounts are on the Riley's

Q105: Which of the following is NOT an

Q106: Income Summary,before closing to Capital,contains a debit

Q107: In what category in a classified balance

Q111: The amount found in the Income Statement

Q120: After the closing process, the permanent accounts

Q123: A classified balance sheet provides more information

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines