Solved
The Permanent Accounts-Assets,liabilities,and Stockholders' Equity-Are Closed to the Owner,Capital Account
True/False
The permanent accounts-assets,liabilities,and stockholders' equity-are closed to the Owner,Capital account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q2: The smaller the current ratio,the higher the
Q49: Under which of the following categories would
Q131: The Cash account is a temporary account.
Q138: Salaries Payable,Interest Payable,and Unearned Revenue are examples
Q140: An income statement includes _.<br>A)Land and Salaries
Q141: An account that is not closed at
Q142: The entries that transfer the revenue,expense,and withdrawals
Q144: The ending balances in the Owner,Capital and
Q176: Adjusting journal entries are prepared _.<br>A) after
Q201: Which of the following account's balance is