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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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7 years ago
When the balance of the Income Summary account is a credit, the entry to close this account is:
A) debit Income Summary; credit Capital.
B) debit Income Summary; credit Revenue.
C) debit Revenue; credit Income Summary.
D) debit Withdrawals; credit Income Summary.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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