If at the end of an accounting period there is a debit balance in the income summary account, this means that the revenue has exceeded the expense.()
- · 有5位网友选择 对,占比62.5%
- · 有3位网友选择 错,占比37.5%
A、Sales returns were mistakenly debited to the purchase returns account.
B、Cash received from the sale of a non-current asset was correctly entered in the cash book but was debited to the disposal account.
C、The balance on the rent account was omitted from the trial balance.
D、Goods taken from inventory by the proprietor had been recorded by crediting drawings account and debiting purchases account.
B.After the revenue and expense accounts were closed,there was a credit balance in the Income summary account.
C.The balance of the Income summary account can be debit or credit depending on the company’s accounting policy.
D.After the revenue and expense accounts were closed,there was a debit balance in the Income summary account.
A、The U.S. federal government was the first national government to have no official state-sanctioned religion.
B、Protestant Christianity is the official state-endorsed religion in the U.S.
C、The small religions and cults such as Scientology are not allowed to practice their religion in the U.S.
D、None of above
B.①②④
C.①③④
D.②③④
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