Accounting I Ch.8 Quiz
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10 Terms
1
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income summary
what account was debited in the closing entry for net income
2
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drawing
what account is credited in the closing entry for drawing
3
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debit
is sales debited or credited in the closing entry
4
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572
what amount was used to close net income
5
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9892
what is the ending balance of akbar sharma, capital
6
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permanent account
capital and cash are which of the following
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temporary account
utilities expense is which of the following
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10,160
what is the total of assets for the post closing trial balance
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yes
did the liabilities and capital have the same balance as assets
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permanent accounts
all accounts included in the post closing trial balance are which of the following
Note 
Flashcards (69)