Accounting chapter6
Chapter 6 Accounting Test. Accounting chapter 6 study guide. Cram.com makes it easy to.
The balance of the owner's drawing account. Web study flashcards on accounting test chapter 6 at cram.com. Cram.com makes it easy to. The balance of income summary (net income or net loss) is transferred to the owner's capital account. Analyzing accounting practices 4.0 (9 reviews) false click the card to flip 👆 only accounts with a balance are listed in the trial balance columns of a worksheet click the card to flip 👆 1 / 10 flashcards learn test Revenue account balances are transferred to an account called income summary. Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period. Concept and accounting of depreciation; Web 1.1 explain the importance of accounting and distinguish between financial and managerial accounting; Strong internal controls provide reasonable assurance that the objectives of a company will be accomplished.
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