After the closing entries are posted to the ledger, each revenue account will have:

A. a zero balance.
B. either a debit or a credit balance.
C. a credit balance.
D. a debit balance.


Answer: A

Business

You might also like to view...

Starr Cardio, Inc, is a small business. Ted, Uma, and eleven other members of the Starr family own all of its stock. Currently, Starr's income is taxed at the corporate level and, after being distributed to the family members, at the shareholder level. Can Starr retain its corporate status but otherwise avoid this double taxation? If so, how?

Business

To determine the cash flow from operating activities, certain adjustments must be made which include

A) Add back depreciation, amortization, and stock-based compensation expenses. B) Adjust for any changes in operating assets and liabilities. C) Add or subtract any changes in deferred income taxes. D) All of the above.

Business

Which policy contains general principles regarding information privacy?

A. Information privacy policy. B. Acceptable use policy. C. Internet use policy. D. Anti-Spam policy.

Business

________ is a specification for separating style from content when generating XML pages

A) XML B) XSL C) CSS D) REST

Business