Closing Entries For Temporary Accounts

Quiz by Wafa

Customize this quiz to suit your class

Instantly translate to 100+ languages

Measure skills

from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

Loading...

Related quizzes

5 questions

Q.

choose the correct journal entry to close the fees earned account

1

45 sec

Q.

which of the following is a temporary account

2

30 sec

Q.

which of the following is a permanent account

3

30 sec

Q.

the adjusting and closing entries in the journal are dated as of the end of the fiscal period

4

30 sec

Q.

The income summary account is not closed out if a loss occurs

5

30 sec