Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. true or false 1, both freight in and freight out a

True or false 1, Both freight in and freight out accounts are closed by crediting...

60.1K

Verified Solution

Question

Accounting

True or false

1, Both freight in and freight out accounts are closed by crediting these accounts

2. The purchase account is closed to the merchandise account

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

physics 211: a block is placed on an adjustable ramp and then the tilt of the ramp...

Physics
Q

Describe the potential advantages of using daily and cumulative figures for food costs and food costs...

Finance
Q

Dale's van gets 21 mpg. He wants to visit hisfamily for the holidays and they...

Basic Math
Q

At which angle is sec? = 2?4?/35?/47?/45?3

Calculus
Q

Find the additive and multiplicative inverses of each rational number a 5 additive inverse multiplicative...

Algebra
Q

The manager of a profit center is responsible for which of the following? (i) Revenues...

Accounting
Q

Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel...

Accounting
Q

Slattery Corner Shoppe is a local convenience store with the following information: E (Click the...

Accounting
Q

The following information is provided: Dividends paid this year $ 30,000 Dividends declared this year...

Accounting
Q

The board of directors of Kona Inc. declared a cash dividend on November 15,2022, to...

Accounting
Q

V Mark for follow up ? Question 16 of 75. Each of the following is...

Accounting
Q

4,5,6 QUESTION 4 Which of the following is specified in the articles...

Accounting