Question and answer
Before the closing entries are journalized and posted, there is only one account in the general ledger that shows the revenue and expenses for the fiscal period. TRUE or FALSE.
Before the closing entries are journalized and posted, there is only one account in the general ledger that shows the revenue and expenses for the fiscal period. FALSE.
s
Question
Asked 5/5/2015 9:49:41 AM
Updated 1/15/2018 3:44:57 AM
1 Answer/Comment
Edited by jeifunk [1/15/2018 3:44:57 AM]
Get an answer
New answers
Rating
3
Before the closing entries are journalized and posted, there is only one account in the general ledger that shows the revenue and expenses for the fiscal period. FALSE.
Added 1/14/2018 11:08:28 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [1/15/2018 3:44:42 AM]
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
31,876,383
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Which of the following correctly describes NIMS
Weegy: A systematic approach to incident management correctly describes NIMS. User: The three NIMS guiding ...
6/26/2020 8:45:13 PM| 3 Answers
True or False : Drunk Drivers kill two to four time more people than ...
Weegy: Drunk drivers kill two to four times more than people than aggressive drivers. FALSE User: True Or False : A ...
7/1/2020 5:10:43 AM| 3 Answers
was is 1 1/3 ×3=
7/2/2020 3:54:11 PM| 3 Answers
True or False: The absorption of alcohol can be slowed down by ...
Weegy: The absorption of alcohol can be slowed down by eating, but only time can reduce the BAL level.
6/27/2020 2:18:16 AM| 2 Answers
What is the definition for the "Protection" mission area?
Weegy: A mission statement is a statement of the purpose of a company, organization or person, its reason for ...
7/3/2020 5:28:16 PM| 2 Answers
S
L
Points 724 [Total 1964] Ratings 1 Comments 714 Invitations 0 Offline
S
L
Points 337 [Total 1086] Ratings 3 Comments 307 Invitations 0 Online
S
L
Points 336 [Total 892] Ratings 0 Comments 336 Invitations 0 Online
S
L
P
Points 271 [Total 4429] Ratings 0 Comments 271 Invitations 0 Offline
S
L
R
R
R
Points 227 [Total 3564] Ratings 0 Comments 227 Invitations 0 Offline
S
L
Points 193 [Total 682] Ratings 0 Comments 193 Invitations 0 Offline
S
L
P
R
P
R
L
P
P
C
R
P
R
L
P
R
Points 143 [Total 11210] Ratings 1 Comments 133 Invitations 0 Online
S
L
R
Points 108 [Total 2240] Ratings 1 Comments 98 Invitations 0 Online
S
L
Points 99 [Total 125] Ratings 0 Comments 99 Invitations 0 Offline
S
L
Points 79 [Total 172] Ratings 0 Comments 79 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.