Which of the following would not be proper in a closing entry? A. Crediting expense accounts...

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Which of the following would not be proper in a closing entry? A. Crediting expense accounts Crediting retained earnings for

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Answer 1

Answer #1

Answer is C. Crediting retained earnings for net loss

For net loss, Retained earnings is debited and income summary will be credited

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Answer 2

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Which of the following would not be proper in a closing entry? A. Crediting expense accounts...