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

    Nov 17, 2011, 08:22 PM
    Accounting
    How would you close a net loss in an income summary account to the capital account? Would it be recorded in the credit or debit side?

Check out some similar questions!

Questions on financial accounting,cost and management accounting [ 3 Answers ]

I want different sets of questions on financial accounting,cost and management accounting for free. I am a teacher in this area

AP Journal Entires - accrual accounting and cash accounting [ 6 Answers ]

What are the journal entries for accrual accounting and cash accounting for an invoice and a payment?

List five differences between management accounting and cost accounting [ 1 Answers ]

Describe five differences between management accounting and cost accounting


View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.