Which one of the following accounts is both opened and closed during the closing process?
O A. Cash account
OB. Accumulated Depreciation account
O C. Owner's Capital account
OD. Income Summary

Question

01-07-2024
Business

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Which one of the following accounts is both opened and closed during the closing process?
O A. Cash account
OB. Accumulated Depreciation account
O C. Owner's Capital account
OD. Income Summary

Sagot :

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Which one of the following accounts is both opened and closed during the closing process?O A. Cash accountOB. Accumulated Depreciation accountO C. Owner's Capital accountOD. Income Summary​

Sagot :

Other Questions

Which one of the following accounts is both opened and closed during the closing process?
O A. Cash account
OB. Accumulated Depreciation account
O C. Owner's Capital account
OD. Income Summary