Ask Question
Today, 14:11

When the balance of the income summary account is a debit, the entry to close this account is:

a. debit capital; credit income summary.

b. debit income summary; credit revenue.

c. debit revenue; credit income summary.

d. debit income summary; credit capital?

+4
Answers (1)
  1. Today, 16:19
    0
    Hello

    the best answer is c
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When the balance of the income summary account is a debit, the entry to close this account is: a. debit capital; credit income summary. b. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers