Answer: 3 units
Explanation: got it right on edgen
The after-closing balance in a revenue account will always be zero. this statement is True
This is further explained below.
<h3>What is
a revenue account?</h3>
Generally, The amount in a revenue account is moved during the closing process from the income statement into the retained earnings account, leaving a balance at the end of the revenue account of zero.
This leaves an opening balance in the retained earnings account. Because the ending balance of one period becomes the starting balance of the following period,
In conclusion, The beginning balance of a revenue account will likewise be zero at the beginning of the period.
An after balance in an income statement will always be zero. This assertion is indeed correct.
Read more about the revenue account
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I think it’s 3 and 4 as the answer.