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The Entry to Close the Revenue Account Includes a

Question 48

Multiple Choice

The entry to close the revenue account includes a A) debit to Income Summary for ₤3,400. B) credit to Income Summary for ₤3,400. C) debit to Income Summary for ₤7,000. D) credit to Income Summary for ₤7,000. The entry to close the revenue account includes a


A) debit to Income Summary for ₤3,400.
B) credit to Income Summary for ₤3,400.
C) debit to Income Summary for ₤7,000.
D) credit to Income Summary for ₤7,000.

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