Ask Experts Questions for FREE Help !
Ask
    lsousa80's Avatar
    lsousa80 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Dec 18, 2012, 04:59 PM
    Which accounts would be closed with a debit
    Which of the following accounts would be closed with a debit?

    a. Sales discounts
    b. Sales returns and allowances
    c. cost of goods sold
    d. operating expenses
    e. all of the above
    lsousa80's Avatar
    lsousa80 Posts: 3, Reputation: 1
    New Member
    		  
    #2

    Dec 18, 2012, 05:00 PM
    Which of the following accounts would be closed with a debit?

    a. Sales discounts
    b. Sales returns and allowances
    c. cost of goods sold
    d. operating expenses
    e. all of the above
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How to credit or debit accounts [ 6 Answers ]

purchass a car with a traid-in new car -$20000 trade in cost $16000 dep $4600/year for 3years allowance for traid in -3000 book value $13800 how to credit and debit

Allowance for Doubtful accounts with a debit balalnce [ 1 Answers ]

Before adjusting and closing the accounts had occurred, the Allowance for doubtful showed a debit balance of $3,200. Aging of the accounts receivable probably uncollectible to be $2,100. Under these circumstances, year end adjusting entry for uncollectible accounts expense would be?

Which accounts will be debit and credit? [ 1 Answers ]

Purchased wood for fixture with Rs 11,000 and hired carpenter for 5 days per day wages charges Rs 500 and paid to him Rs 400.

View more questions Search