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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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6 years ago
The journal entry to close a net income to the partners is to:
A) credit Income Summary; debit the capital accounts.
B) credit Net Loss; debit the capital accounts.
C) debit Income Summary; credit the capital accounts.
D) debit Net Loss; credit the capital accounts.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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