Which of the Following Entries Will Be Necessary to Close

question 78

Multiple Choice

Which of the following entries will be necessary to close the appropriate depreciation account at the end of the year?

• A)Debit Depreciation expense and credit Income summary
• B)Debit Accumulated depreciation and credit Income summary
• C)Debit Income summary and credit Depreciation expense
• D)Debit Income summary and credit Accumulated depreciation

---

Definitions:

Bibliographic List

A compilation of sources and references cited in a document, detailing the author, title, publisher, and date of publication.

APA or MLA

Referencing styles used in academic writing; APA (American Psychological Association) and MLA (Modern Language Association).

Informative Documents

Documents designed to provide essential information or knowledge about a specific subject, policy, or procedure.

Memo of Transmittal

A document that accompanies a report or other delivered work, summarizing the content and the purpose of the sending.