To what account if net purchases closed?
A)income summary
b) costs of goods sold
C)inventory
d) its not closed, its a balance sheet account
Answer: C
To what account if net purchases closed?
A)income summary
b) costs of goods sold
C)inventory
d) its not closed, its a balance sheet account
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.