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If there is a net loss there will be a ___________ balance in the Income Summary account after all closing entries have been posted. a. Debit b. zero c. Credit d. not determinab…

If there is a net loss there will be a ___________ balance in the Income Summary account after all closing entries have been posted. a. Debit b. zero c. Credit d. not determinab…
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If there is a net loss there will be a ___________ balance in the Income Summary account after all closing entries have been posted.

a. Debit
b. zero
c. Credit
d. not determinable

asked
User Vincent Aranega
by
8.0k points

1 Answer

7 votes

Step-by-step explanation:

zero isthe right answer but i'm not 100%sure

answered
User Magnus Hoff
by
8.1k points
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