(9) The balance on an expense account will go to the P/L account. However, the balance on a liability account is written

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

(9) The balance on an expense account will go to the P/L account. However, the balance on a liability account is written

Post by answerhappygod »

9 The Balance On An Expense Account Will Go To The P L Account However The Balance On A Liability Account Is Written 1
9 The Balance On An Expense Account Will Go To The P L Account However The Balance On A Liability Account Is Written 1 (11.51 KiB) Viewed 39 times
(9) The balance on an expense account will go to the P/L account. However, the balance on a liability account is written off to capital. Is this statement correct? A Yes B No
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”