Solved

Match the Terms That Follow with the Correct Definitions

Question 60

Multiple Choice

Match the terms that follow with the correct definitions.
-The account used to record amounts taken out of the business by the owner


A) Interim statements
B) Closing entries
C) Expenses
D) Real or permanent accounts
E) Drawing account
F) Income Summary
G) Post-closing trial balance
H) Accounting cycle
I) Expense and revenue
J) Temporary-equity accounts

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions