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maks197457 [2]
9 months ago
9

4. when the total expenses are greater than the total revenues, (a) the income summary account has a credit balance. (b) the inc

ome summary account has a debit balance. (c) debits equal credits. (d) none of these.
Business
1 answer:
irina [24]9 months ago
6 0

When the total expenses are greater than the total revenues, then the income summary account has a debit balance.

An income summary account is a temporary account in which the revenue and expenses closing entries are entered to find out the profit or loss.

In the income summary account, all the revenue account closing entries are credited, and all the expenses closing entries are on the debit side.

Thus, if the credit balance is more than the debit balance, it shows the profit and if the debit balance is more than the credit balance, it shows the loss.

Learn more about "Income summary":

brainly.com/question/9122916

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Llana [10]

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D) No impact on the accounting equation.

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2 years ago
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ycow [4]

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e. any of the other answers can occur.

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Third parties suffering from the effects of factory pollution is an example of.....
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For me i would say the answer is C
I really hope i helped
let me know if it is right!
Have a great day :)
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