Which is the process that resets revenue, expense and withdrawal account balances to zero at the end of the period
a. Adjusting account
b. Closing process
c. Recording transaction
d. Prepare trial balance
e. Prepare financial statement
Answer: B
Which is the process that resets revenue, expense and withdrawal account balances to zero at the end of the period
a. Adjusting account
b. Closing process
c. Recording transaction
d. Prepare trial balance
e. Prepare financial statement
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.