closing entry for revenue


label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

During 2010, Zambezi Rowing Co. generated $500,000 in revenue. In its closing entry for revenue, Zambezi will debit

Nov 13th, 2014

Cash is increasing.

Cash is debited.

If the sales is from inventory , the inventory account is credied.

If it is from A/R (accounts receivable) then A/R is credied


Nov 13th, 2014

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