I need help accounting wise 10pts best answers

Posted on 2013-11-22 16:00:00 in Accounting by CITY

Okay so I'm training for this job and they gave me an assignment it's been a while since I work with accounts so here's the questions



Income summary is

A.) an asset account

B.) liability account

C.)a temporary capital account



A post-closing trail balance shows

A.)the net income for a fiscal period

B.)the owners drawing account balance

C.)that debits equal credits after closing entries are posted

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