Question:

The balance in the income summary account before it is closed will be equal to

by Guest17178085  |  1 year, 11 month(s) ago

1 LIKES UnLike

the beginning balance in the owner's capital account.

the ending balance in the owner's capital account.

zero.

the net income or loss on the income statement

those r the choices!! please help

 Tags: account, Balance, Closed, equal, income, Summary

   Report
Answer The Question I've Same Question Too

1 ANSWERS

Sort By: Date  |  Rating
  1. Guest23957497

    the net income or loss on the income statement.

You're reading: The balance in the income summary account before it is closed will be equal to

Question Stats

Latest activity: 6 months, 21 day(s) ago.
This question has been viewed 1214 times and has 1 answers.

1 User is following this question

milkychang627

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now