Question and answer
The income summary account is a permanent account. True False
The income summary account is a permanent account. FALSE.
s
Question
Asked 1/11/2013 8:57:41 PM
Updated 1/30/2017 3:28:29 PM
1 Answer/Comment
Edited by Andrew. [1/30/2017 3:28:18 PM]
Get an answer
New answers
Rating
3
The income summary account is a permanent account. FALSE.
Added 1/30/2017 3:28:29 PM
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
If the Income Summary account has a credit balance after revenues, costs, and expenses are closed into it, the firm had a net income for the fiscal period. (Points : 5) True False
Question
Updated 1/15/2017 8:01:09 AM
1 Answer/Comment
If the Income Summary account has a credit balance after revenues, costs, and expenses are closed into it, the firm had a net income for the fiscal period. TRUE.

Added 1/14/2017 12:20:18 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [1/15/2017 8:01:10 AM]
32,216,816
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Reforestation always occurs as a result of human intervention. ...
Weegy: Reforestation always occurs as a result of human intervention.- is TRUE. User: The principal characteristic ...
9/13/2020 6:40:57 AM| 3 Answers
Luteinzing hormones stimulate
9/19/2020 10:22:41 PM| 2 Answers
You should replace your __________ every 15,000 miles.
Weegy: You should replace your Fuel filter every 15,000 miles. User: Leaking purple fluid indicates that you should ...
9/19/2020 8:28:42 PM| 2 Answers
Nation was knocked out of World War II first
9/19/2020 8:01:54 PM| 2 Answers
Which of the following human relations skills is most clearly related ...
Weegy: Which of the following human relations skills is most clearly related to [ communication - ] User: ...
9/19/2020 6:51:44 PM| 2 Answers
S
L
P
R
P
R
L
P
P
C
R
P
R
L
P
R
P
R
Points 1320 [Total 15075] Ratings 5 Comments 1250 Invitations 2 Offline
S
L
P
L
P
P
Points 1305 [Total 9405] Ratings 0 Comments 1305 Invitations 0 Online
S
L
Points 826 [Total 1197] Ratings 0 Comments 826 Invitations 0 Offline
S
L
P
1
L
Points 771 [Total 5054] Ratings 8 Comments 691 Invitations 0 Online
S
L
P
P
P
1
P
L
Points 500 [Total 7951] Ratings 11 Comments 390 Invitations 0 Offline
S
L
L
1
Points 456 [Total 6372] Ratings 6 Comments 396 Invitations 0 Offline
S
L
Points 441 [Total 472] Ratings 0 Comments 1 Invitations 44 Offline
S
L
Points 261 [Total 2795] Ratings 3 Comments 231 Invitations 0 Offline
S
L
Points 229 [Total 314] Ratings 1 Comments 219 Invitations 0 Offline
S
L
1
Points 229 [Total 4233] Ratings 8 Comments 149 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.