Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 62.the closing entry for profit on the sale of ass

62.The closing entry for profit on the sale of assets given in the trial balance...

90.2K

Verified Solution

Question

Accounting

62.The closing entry for profit on the sale of assets given in the trial balance will:Required to answer. Single choice.

(1 Point)

Dr: Sales Cr: P&L

Dr: Profit on the sale of assets Cr: Operating Expenses

Dr: P&L Cr: Profit on the sale of assets

Dr : Profit on the sale of assets Cr: P&L

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

in a test tube containing 2 mL of 2.4*10^-4 M KSCN, and 23 mL of 0.10...

Chemistry
Q

why is it possible for a man with Blood type A+and a woman with Blood Type...

Medical Sciences
Q

Instructions: Find an article relating to technology. Make sure the article is recent (sometime within the last...

General Management
Q

A particle is projected from point A that is at a distance 4R from the...

Physics
Q

The transformation that has translation and a reflection across a line parallel to the direction...

Basic Math
Q

esearcher wanted to determine whether certain accidents were uniformly distributed over the days of the...

Statistics
Q

High Country, Inc., produces and sells many recreational products. The company has just opened a...

Accounting
Q

In January 202X, Fritz Mining Corporation purchased a mineral mine for $6,300,000 with removable ore...

Accounting
Q

A B C ...

Accounting
Q

Please help with the explanation will rate. Entry for Jobs Completed; Cost of Unfinished...

Accounting
Q

i need help with this accounting problem. ...

Accounting
Q

A local church parish wants to raise money to add to their campus. In a...

Finance