Online Business Accounting - Basic Accounting Principles Image

closeexpenses jpg

Summary: to Retained earnings account No 31 debit turnover side After this operation balance in retained earnings account equals to 7617$ on the debit side Further closing of income account is presented Closing is done by debiting income account with the balance in this account accumulated for

Image Dimensions: 644 x 457

Image originally found here.

Home
Business Accounting
Basic Accounting Concepts
Basic Accounting Principles
Accounting Careers
Small Business Accounting
Current Accounting Practices
American Accounting Association
Accounting Classes
Types of Accounting
Accounting Terms
Search