The debit and credit rules for income statement accounts are based on their relationship with （）.

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更多“The debit and credit rules for…”相关的问题

第1题

If the Income Statement Credit column total is greater than the Income Statement Debit column total, the difference is the （）.

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第2题

On a work sheet, a loss is indicated if the total of the Income Statement Debit column exceeds the total of the Income Statement Credit column.（）

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第3题

On the work sheet, net income is entered in the Income Statement Credit column as well as the Balance Sheet or Statement of Owner’s Equity Debit column.（）

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第4题

Which of the following journal entries is required to close the Income Summary account

of a profitable company？ ()

A、Debit Income Summary, credit Retained Earnings.

B、Credit Income Summary, debit Retained Earnings.

C、Debit Income Summary, credit Capital Stock.

D、Credit Income Summary, debit Capital Stock.

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第5题

In the process of completing a work sheet, you determine that the Income Statement debit column totals $83,000, while the Income Statement credit column totals $65,000. To enter net income （） for the

A．theAdjustmentsdebitcolumnandtheAdjustmentscreditcolumn．

B．theUnadjustedTrialBalancedebitcolumnandtheAdjustmentscreditcolumn．

C．itisnotpracticaltoenterNetIncomeontheworksheet．

D．theBalanceSheet﹠StatementofOwner’sEquitydebitcolumnandtheIncomeStatementcreditcolumn．

E．theIncomeStatementdebitcolumnandtheBalanceSheet﹠StatementofOwner’sEquitycreditcolumn．

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第6题

If expenses are greater than revenues, the Income Summary account will be closed by a debit to:

A．Income Summary and a credit to Cash．

B．Income Summary and a credit to Retained Earnings．

C．Cash and a credit to Income Summary．

D．Retained Earnings and a credit to Income Summary．