Solved

When Recording Closing Entries in the General Journal,which of the Following

Question 17

Multiple Choice

When recording closing entries in the general journal,which of the following is written in the Description column?

A) "closing entries"
B) a description of the transaction
C) nothing
D) "zero out accounts"

Related Questions

Q12: Obligations that are not expected to be

Q13: The accounts shown in the post-closing trial

Q14: Match the terms with the definitions.<br>-Obligations that

Q15: Revenue and expense account are permanent accounts.

Q16: Changes in owner's equity that result from

Q18: The amounts in the financial statements must

Q19: Match the terms with the definitions.<br>-The process

Q20: Match the terms with the definitions.<br>-A balance

Q21: Match the terms with the definitions.<br>-Assets that

Q22: The journal entry to close the income