Page 1 of 1

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

Posted: Wed Apr 27, 2022 10:45 am
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 41 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