answer the balance column of the general ledger (periodic method)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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answer the balance column of the general ledger (periodic method)
Transcribed Image Text:Account Name:
INCOME SUMMARY
Account No. 330
Balance
Credit
Particulars
To close credit side
accounts
To close debit side
Date
Post
Debit
Credit
Debit
Jul-31
112,580
31
136,010
|аccount
To close income summary
31
23,430
account
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