Marketing MCQ Marketing Chapter 17 The fiscal year has ended at Company 123. It is now time take a look at the books and transfer the income balance and the expense balance over to the retained earnings section of the financial statement. This process is known as ______________.

The fiscal year has ended at Company 123. It is now time take a look at the books and transfer the income balance and the expense balance over to the retained earnings section of the financial statement. This process is known as ______________.

Marketing Chapter 17

The fiscal year has ended at Company 123. It is now time take a look at the books and transfer the income balance and the expense balance over to the retained earnings section of the financial statement. This process is known as ______________.

A. double-entry bookkeeping

B. cash basis

C. depreciation

D. amortization

E. closing the books

Answer: E. closing the books

Marketing MCQ

The fiscal year has ended at Company 123. It is now time take a look at the books and transfer the income balance and the expense balance over to the retained earnings section of the financial statement. This process is known as​ ______________.

The fiscal year has ended at Company 123. It is now time take a look at the books and transfer the income balance and the expense balance over to the retained earnings section of the financial statement. This process is known as​ ______________.

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The fiscal year has ended at Company 123. It is now time take a look at the books and transfer the income balance and the expense balance over to the retained earnings section of the financial statement. This process is known as ______________.

The fiscal year has ended at Company 123. It is now time take a look at the books and transfer the income balance and the expense balance over to the retained earnings section of the financial statement. This process is known as ______________.