Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the credit side in journal entry to close income o

The credit side in journal entry to close income of the year. Select one: a....

50.1K

Verified Solution

Question

Accounting

The credit side in journal entry to close income of the year.

Select one: a. capital of partner b. income summary c. cash d. withdrawal

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

18 What is the measure of the reference angle of 305 A 55 B 35...

Geometry
Q

To improve productivity, a local bakery rents a machine that mixes, partitions, and then bakes...

Biology
Q

4 Name and describe some characteristics of reptiles

Biology
Q

When goods, services, or money are received in exchange for a promise to pay a...

Biology
Q

A point charge of +4.0 ?C is held fixed at the origin. A second charge...

Physics
Q

How many monthly payments must be made for a 5 75 year loan

Basic Math
Q

8 A consumer advocate analyzes the nicotine content in two brands of cigarettes A random...

Basic Math
Q

What is the explicit rule for the nth term of the geometric sequence?4, 12, 36,...

Basic Math
Q

a check of $300,000, deposited by a company, was returned to the bank for nonsufficient...

Accounting
Q

You take out an adjustable rate mortgage for $100,000 for 20 years. For the first...

Accounting
Q

How is a net present value profile used to compare projects?

Finance
Q

1. Using latest available data from World Bank's Global Findex database for any country from...

Finance