Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

Q34:Oros showed a net loss of $3,200. The entry to close the Income summary account would include a:

a. Debit to Oros, Capital, $3,200

b. debit to Income Summary, $3,200

c. credit Oros, Capital, $3,200

d. credit to cash, $3,200

Mar 1st, 2015

a. Debit to Oros, Capital, $3,200

Mar 1st, 2015

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Mar 1st, 2015
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Mar 1st, 2015
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