asked 31.6k views
2 votes
The correct order for closing accounts is __________.

a. revenue, expenses, income summary, withdrawals
b. revenue, income summary, expenses, withdrawals
c. revenue, expenses, capital, withdrawals
d. revenue, capital, expenses, withdrawals

1 Answer

6 votes
If my memory serves me well, the correct order for closing accounts is a. revenue, expenses, income summary, withdrawals.
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User Bgaze
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