Multiple Choice
In a company balance sheet, what are the two main categories equity is separated into?
A) Share capital and retained profits
B) Retained profits and dividends
C) Share capital and dividends
D) Retained profits and dividends payable
Correct Answer:
Verified
Correct Answer:
Verified
Q36: Closing an account means:<br>A) transferring the balance
Q37: Entries made at the beginning of the
Q38: Adjusting entries prepared for interim financial statements
Q39: In the closing process which accounts are
Q40: Closing the accounts refers to:<br>A) establishing zero
Q42: The post-closing trial balance contains only:<br>A) income
Q43: The true statement is:<br>A) reversing entries are
Q44: Which statement relating to closing entries is
Q45: Which of these is not a purpose
Q46: Because the balance at the end of