An expenses account is closed by a debit to?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A An asset account and a credit to the expenses account
- B The expenses account and a credit to an asset account
- C Profit and loss account and a creit to the expenses account
- D The expenses account and a credit to profit and loss account
Correct Answer: Option C
Explanation:
Share question on: