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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 5: The Accounting Cycle Completed: Closing and Post-Closing Trial Balance
  5. Question
    Which of the Following Accounts Will Be Directly Closed to Capital
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Which of the Following Accounts Will Be Directly Closed to Capital

Question 49

Question 49

Multiple Choice

Which of the following accounts will be directly closed to Capital at the end of the fiscal year?


A) Salaries Expense
B) Fees Revenue
C) Withdrawals
D) Depreciation Expense

Correct Answer:

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