Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Which of the following groups of accounts will have zero balances after the closing process is completed? Allowance for Doubtful Accounts and Uncollectible Accounts Expense Purchases and Purchases Returns and Allowances Merchandise Inventory and Sales Depreciation Expense and Accumulated Depreciation - Equipment
Question
Not Answered
Updated 10/8/2011 2:38:27 AM
1 Answer/Comment
Purchases and Purchases Returns and Allowances is a group of accounts that will have zero balances after the closing process is completed. ref:
Added 10/8/2011 2:38:27 AM
This answer has been added to the Weegy Knowledgebase
Which of the following groups of accounts will have zero balances after the closing process is completed?Allowance for Doubtful Accounts and Uncollectible Accounts Expense Purchases and Purchases Returns and Allowances Merchandise Inventory and Sales Depreciation Expense and Accumulated Depreciation - Equipment
Question
Updated 7/7/2012 6:22:47 PM
2 Answers/Comments
Purchases and Purchases Returns and Allowances is the group of accounts will have zero balances after the closing process is completed.
Added 10/8/2011 3:07:29 AM
This answer has been added to the Weegy Knowledgebase
Rated bad by bethsands
The correct answer is: Allowance for Doubtful Accounts and Uncollectible Accounts Expense. I am an accounting student and this question was on a quiz. I am 100% positive on the correct answer.



Added 7/7/2012 6:22:47 PM
Rated good by bethsands
The income summary account is a permanent account.
Weegy: It is a temporary account and is one of the closing entries. It is closed off to the owner's capital account or, in corporations, to the retained earnings account. The attached notes are excellent on this topic. (More)
Question
Expert Answered
Asked 10/8/2011 12:37:51 AM
0 Answers/Comments
Which of the following groups of accounts will have zero balances after the closing process is completed? Allowance for Doubtful Accounts and Uncollectible Accounts Expense Purchases and Purchases Returns and Allowances Merchandise Inventory and Sales Depreciation Expense and Accumulated Depreciation - Equipment
Weegy: Simply solve the equation for P rather than Q Start by adding 0.2P to both sides 0.2P + Q = 100 then subtract Q from both sides 0.2P = 100 - Q then divide both sides by 0.2 and you get P = 500 - 5Q (More)
Question
Expert Answered
Updated 10/8/2011 2:40:36 AM
1 Answer/Comment
Purchases and Purchases Returns and Allowances is the group of accounts will have zero balances after the closing process is completed. ref:
Added 10/8/2011 2:40:36 AM
This answer has been added to the Weegy Knowledgebase
23,891,478 questions answered
Popular Conversations
Small family owned businesses usually require applicants to submit ...
Weegy: TRUE. Small family owned businesses usually require applicants to submit electronic resumes.
2/8/2016 8:47:01 AM| 4 Answers
what led to school desegregations in the 1960s
Weegy:
2/9/2016 2:45:08 PM| 3 Answers
Which action associated with the United States' "return to normalcy" ...
Weegy: Washington Disarmament Conference was on 1921 and established a treaty between the United States, France, ...
2/8/2016 9:35:32 AM| 2 Answers
The King James Bible was written by A. King James. B. a ...
Weegy: The King James Bible was written by A. King James.
2/8/2016 12:55:50 PM| 2 Answers
Weegy Stuff
S
Points 297 [Total 694] Ratings 0 Comments 297 Invitations 0 Offline
S
P
P
Points 178 [Total 985] Ratings 0 Comments 178 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 117 [Total 11290] Ratings 0 Comments 117 Invitations 0 Offline
S
L
P
Points 46 [Total 2114] Ratings 0 Comments 46 Invitations 0 Offline
S
R
Points 11 [Total 447] Ratings 0 Comments 11 Invitations 0 Offline
S
Points 10 [Total 294] Ratings 0 Comments 10 Invitations 0 Online
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)