Multiple Choice
In order to close the owner's drawings account the
A) income summary account should be debited.
B) income summary account should be credited.
C) owner's capital account should be credited.
D) owner's capital account should be debited.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q95: The information for preparing a trial balance
Q96: The heading for a post-closing trial balance
Q97: The following information is for Qwik
Q98: The first required step in the accounting
Q99: Which statement about long-term investments is not
Q101: Identify which of the following are temporary
Q102: Which account listed below would be double
Q103: Bonita Arcade paid the weekly payroll
Q104: At March 31 account balances after
Q105: The account Supplies will appear in the