After the closing entries are posted to the ledger, each expense account will have: (Points : 5)
a debit balance.
a credit balance.
either a debit or a credit balance.
... zero balance.
After the closing entries are posted to the ledger, each revenue account will have A. a zero balance. B. a debit balance. C. a credit balance. [www.docstoc.com/docs/75572493/Memorandum]
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