Question and answer
The owner's capital account is closed at the end of each accounting period. TRUE or FALSE
The owner's capital account is closed at the end of each accounting period. FALSE.
Question
Asked 10/1/2013 8:24:41 PM
Updated 65 days ago|5/11/2018 4:25:01 PM
1 Answer/Comment
Edited by jeifunk [5/11/2018 4:25:01 PM]
Get an answer
New answers
Rating
3
The owner's capital account is closed at the end of each accounting period. FALSE.
Added 65 days ago|5/11/2018 4:24:52 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
The Sales Returns and Allowances account is classified as: an asset account. a contra asset account. an expense account. a contra revenue account.
Weegy: The Sales Returns and Allowances account is classified as a contra revenue account. (More)
Question
Expert Answered
Updated 57 days ago|5/19/2018 2:13:59 AM
0 Answers/Comments
After a supplier of merchandise is selected, the purchasing department issues a form called : a purchase invoice. a purchase order. a sale invoice. a purchase requisition
Weegy: After a supplier of merchandise is selected, the purchasing department issues a form called a purchase order. (More)
Question
Expert Answered
Updated 57 days ago|5/19/2018 2:14:37 AM
0 Answers/Comments
Which of the following accounts has a normal debit balance? (Points : 4) Accounts Receivable Accounts Payable Fees Income T. Stark, Capital
Question
Expert Answered
Updated 6/1/2014 6:19:01 PM
1 Answer/Comment
Accounts Receivable has a normal debit balance.
Added 6/1/2014 6:19:01 PM
This answer has been confirmed as correct and helpful.
The Purchases account is a (Points : 5) permanent account. temporary account. subsidiary account liability account.
Question
Expert Answered
Updated 164 days ago|2/1/2018 7:42:38 AM
1 Answer/Comment
The Purchases account is: a temporary account.
Added 164 days ago|1/31/2018 11:55:43 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [2/1/2018 7:42:39 AM]
27,077,113
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
(5 + 4 – 2) × (–2) = ? User: Simplify 12 - (-8) × 4 = ? User: ...
Weegy: (3n – 2m)^2 = (3n - 2m)(3n - 2m) = 9n^2 - 6mn - 6mn + 4m^2 = 9n^2 - 12mn + 4m^2 = 4m^2 - 12mn + 9n^2 User: ...
7/10/2018 8:34:04 AM| 4 Answers
Which of the following is an example of an improper fraction? ...
Weegy: 3 3/5 as an improper fraction is 18/5. User: How are unlike fractions identified? A. The numerators ...
7/13/2018 4:29:47 PM| 3 Answers
Which of the following statements best conveys the meaning of ...
Weegy: The following statement best conveys the meaning of respondeat superior: Employers are vicariously liable for ...
7/11/2018 10:52:53 AM| 2 Answers
An adjective or clause. Always includes a/an
Weegy: An adjectival clause always includes a relative pronoun. User: Every adverbial clause begins with a User: ...
7/6/2018 12:08:23 AM| 2 Answers
Your high beam headlights illuminate the road in front of you for __ ...
Weegy: Your low beam headlights illuminate the road in front of you for approximately 150 feet. User: You may be ...
7/7/2018 5:03:59 AM| 2 Answers
What is 2 2 User: What is a telephone?
7/7/2018 11:38:27 AM| 2 Answers
Descriptive language includes all of the following except A. ...
Weegy: Descriptive language includes all of the following except metaphors.
7/8/2018 2:45:42 PM| 2 Answers
Part of the brain that controls the emotional system is
Weegy: The part of the brain that controls things such as our emotions is located in the lymbic system. More precisely ...
7/5/2018 8:36:48 AM| 1 Answers
S
L
P
Points 149 [Total 349] Ratings 0 Comments 149 Invitations 0 Offline
S
L
Points 112 [Total 112] Ratings 0 Comments 82 Invitations 3 Offline
S
L
R
P
R
Points 104 [Total 427] Ratings 0 Comments 4 Invitations 10 Offline
S
R
L
R
P
R
P
R
R
Points 88 [Total 822] Ratings 0 Comments 8 Invitations 8 Offline
S
Points 49 [Total 49] Ratings 1 Comments 39 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.