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) 

+ Answer
+ Report
Total Preview: 1851

Copyright © 2024. Powered by Intellect Software Ltd