FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Concept explainers

Bookkeeping
Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.
Question
Which of the following accounts will be closed to Income Summary?
   
Prepaid Expenses.
   
Unearned Revenue.
   
Dividends.
   
Depreciation Expense.
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