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An accountant passed the closing entries of the expenses and then closed all the expense accounts by crediting them. Which account should she debit to complete the dual aspect of the journal entry?

A.
income account
B.
income summary account
C.
revenue account
D.
purchase account
E.
equity account

2 Answers

3 votes

Answer: Income Account

Step-by-step explanation:

Also referred and Income Statement.

User Talgat Saribayev
by
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2 votes

Answer:

Income summary account

Step-by-step explanation:

User DuSant
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4.7k points