百度试题 结果1 题目Income Summary is a temporary account only used for the closing process.___ 相关知识点: 试题来源: 解析 TRUE 反馈 收藏
aIn the case of corporation, the Income Summary account will be closed to the Retained Earnings account, which is kept separately from the Capital Stock account 在公司情况下,收入概略帐户将被关闭到保留的收入帐户,分开地被保留与资本存货帐[translate]...
aBUT THE SUN IS SHINING 但太阳SHINING[translate] a她带你参观了校园吗? She led you to visit the campus?[translate] a学生会工作 Student association work[translate] a人类生活 Human life[translate] aFinally the balance in Income Summary account is closed to the Owner’s equity account. 最后平衡...
相关知识点: 试题来源: 解析 TRUE 结果一 题目 Income Summary is a temporary account only used for the closing process.___ 答案 TRUE相关推荐 1Income Summary is a temporary account only used for the closing process.___ 反馈 收藏
A debit balance in the income summary account indicates ___ <br /> A、an error was made.<br /> B、profit.<br /> C、loss.<br /> D、none of the above.
CH4:The balance in the income summary account before it is closed will be equal to A. the net income or loss on the income statement. B. the beginning balance in the Capital account. C. the ending balance in the Capital account. D. zero. ...
The Income Summary account is a temporary account used with closing entries in a manual accounting system. (Computerized accounting systems may close the temporary accounts without recording the amounts in an Income Summary account.) The Income Summary is very temporary since it has a zero balance...
(ii) Closing entries also update the owner’s capital account for the events of the period just completed. 3. The four-step closing entry process is: (i) close the revenue (and gain) accounts to the Income Summary account, (ii) close the expense (and loss) accounts to the Income ...
不同于。 Is welcome. Let somebody laugh. Is different in.[translate] a从三门峡到达平顶山的票价40多元人民币 Arrives Pingdingshan's ticket price 40 multi-dimensional Renminbi from Sanmen Straits[translate] arevenues are closed to the income summary account 收支被关闭到收入总结帐户[translate]...
aAll balances in the "temporary"stockholder' equity accounts (revenue and expense accounts)are summarized and transferred to a "permanent" stockholders' equity account,Retained Income.Closing entries perform this transfer.The Income Summary account is used only for the closing process.The Income Summary...