The temporary account used only in the closing process to hold the amounts of revenues and expenses before the net difference is added or subtracted from the owner’s capital account is called the:
A. Closing account
B. Contra account
C. Nominal account
D. Income Summary account
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Which of the following accounts would not be included in a post-closing trial balance?
A. Cash
B. Fees Earned
C. Accumulated Depreciation
D. J. C. Smith, Capital
The resources owned by a business are called:
A. assets
B. liabilities
C. the accounting equation
D. owner’s equity
A debit may signify a(n):
A. increase in an asset account
B. decrease in an asset account
C. increase in a liability account
D. increase in the owner’s capital account
利润是企业在一定期间的经营成果,包括()。
A. 营业利润
B. 利润总额
C. 营业外收入
D. 汇兑损益
E. 净利润