Accountancy, asked by gs2398369, 3 months ago

Account that have credit balance are closed by using the statment​

Answers

Answered by ratamrajesh
0

Explanation:

Close the income statement accounts with credit balances (normally revenue accounts) to a special temporary account named income summary.

Answered by akarsh05
0

Close the income statement accounts with credit balances (normally revenue accounts) to a special temporary account named income summary.

hope it helps you ❤️...

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