menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Financial Accounting Study Set 1
  4. Exam
    Exam 4: Completion of the Accounting Cycle
  5. Question
    Cash Is a Temporary Account and It Should Be Zero
Solved

Cash Is a Temporary Account and It Should Be Zero

Question 12

Question 12

True/False

Cash is a temporary account and it should be zero after all closing entries have been posted.

Correct Answer:

verifed

Verified

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

Related Questions

Q8: The following items are taken from the

Q10: On January 1, Robert Auto Repair Shop

Q13: If total credits in the income statement

Q15: An error has occurred in the closing

Q16: Intangible assets are<br>A) listed under current assets

Q17: The adjusted account balances of Stine Company,

Q84: Which of the following depicts the proper

Q100: In order to close the owner's drawings

Q191: If a company utilizes reversing entries they

Q237: Closing entries are journalized after adjusting entries

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