Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. true or false 1, both freight in and freight out a

True or false 1, Both freight in and freight out accounts are closed by crediting...

60.1K

Verified Solution

Question

Accounting

True or false

1, Both freight in and freight out accounts are closed by crediting these accounts

2. The purchase account is closed to the merchandise account

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

Algebra
1.2K views

A basket contains three apples, three peaches, and four pears. You randomly select a piece...

Accounting
1.2K views

In June 2004, Jen Kluger and Suzie Orol received a phone callfrom Sarah Gibson,...

Medical Sciences
1.2K views

Compare and contrast cardiac and skeletal muscle in terms of electrical stimulus and action potentials (excitation-contraction coupling),...

Economics
1.2K views

In the movie Forest Gump, Consider the barriers to entry facing potential competitors in Forrest’s monopoly...

Physics
1.2K views

A cubical transparent slab is used as a paper weight What should be the minimum...

Physics
1.2K views

Necessary condicition for interference is that 1 The amplitudes of two waves may differ but...

Accounting
1.2K views

What is the difference between multi- domestic strategy and global strategy benefits and limitations for...

Accounting
1.2K views

Indicate whether the following statements are either TRUE or FALSE. [Select] 1. Job order costing...

Accounting
1.2K views

Which of the following are successful strategies for using self-leadership skills in driving happiness (pick...

Accounting
1.2K views

Pixel Studio, Incorporated, is a small company that creates computer-generated animations for films and television....

Accounting
1.2K views

Una empresa pag $37 800 ms una tarifa de corredor de $525 para adquirir bonos...

Finance
1.2K views

5. Walt Disney was once a writer for a newspaper but was fired because his...