Accounting question — Closing Owner’s Capital?

Accounting question — Closing Owner’s Capital?

After closing entries are posted, the balance in the owner’s capital account in the ledger will be equal to: a) the beginning owner’s capital reported on the owner’s equity statement. b) The amount of the owner’s capital reported on the balance sheet. c) zero. d) the net income for the period. Any help with an explanation is appreciated! I do select a best answer, so please answer seriously.

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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

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Accounting question — Closing Owner’s Capital?

After closing entries are posted, the balance in the owner’s capital account in the ledger will be equal to: a) the beginning owner’s capital reported on the owner’s equity statement. b) The amount of the owner’s capital reported on the balance sheet. c) zero. d) the net income for the period. Any help with an explanation is appreciated! I do select a best answer, so please answer seriously.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Accounting question — Closing Owner’s Capital?

After closing entries are posted, the balance in the owner’s capital account in the ledger will be equal to: a) the beginning owner’s capital reported on the owner’s equity statement. b) The amount of the owner’s capital reported on the balance sheet. c) zero. d) the net income for the period. Any help with an explanation is appreciated! I do select a best answer, so please answer seriously.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Accounting question — Closing Owner’s Capital?

After closing entries are posted, the balance in the owner’s capital account in the ledger will be equal to: a) the beginning owner’s capital reported on the owner’s equity statement. b) The amount of the owner’s capital reported on the balance sheet. c) zero. d) the net income for the period. Any help with an explanation is appreciated! I do select a best answer, so please answer seriously.


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Accounting question — Closing Owner’s Capital?

After closing entries are posted, the balance in the owner’s capital account in the ledger will be equal to: a) the beginning owner’s capital reported on the owner’s equity statement. b) The amount of the owner’s capital reported on the balance sheet. c) zero. d) the net income for the period. Any help with an explanation is appreciated! I do select a best answer, so please answer seriously.


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Hi. Why car insurance is cheaper for: policy holder with driving licence held for 1 month and additional driver with provisional licence held for 3 months than: only a policy holder with driving licence held for 1 month ?? could someone explain me why is that ?


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