After you have closed an entity's books, what happens to the account balances?
a. all asset accounts will have zero balances
b. none of the accounts will have zero balances
c. all liability accounts will have zero balances
d. the revenue and expense accounts will have zero balances
d
Business
You might also like to view...
One of the advantages of direct marketing for sellers is that direct marketing ________.
A) offers access to buyers outside local markets B) eliminates the need for a company to employ a sales force C) provides statistical information about industry buying habits D) provides comparative information about customers and competitors E) avoids expenses related to a storefront, such as rent, insurance, and utilities
Business
Battery life is what distinguishes one type of mobile computer from another
Indicate whether the statement is true or false
Business