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The Entry to Transfer a Net Loss to the Owner's

Question 51

Multiple Choice

The entry to transfer a net loss to the owner's capital account would include:


A) a debit to the Capital account and a credit to Income Summary.
B) a debit to Income Summary and a credit to Capital.
C) a debit to the Capital account and a credit to Cash.
D) a debit to the Capital account and a credit to the Drawing account.

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