Question:The closing process involves separate entries to close (1) expenses, (2) revenues, and (4) income summary. The correct sequencing of the entries is:
A (4), (3), (2), (1)
B (1), (2), (3), (4)
C (3), (1), (4), (2)
D (3), (2), (1), (4)
+ AnswerC
+ Report