8) Which of the following accounts will be closed by debiting the Income summary account:
A) Depreciation expense
B) Accounts payable
C) Accumulated depreciation
D) Service revenue

An income summary account refers to an account that receives all the temporary accounts of a business upon closing them at the end of every accounting period.

This summarizes that the value of each account in the income statement is debited from the provisional accounts and then credited as one value to the income summary account.

Therefore, The depreciation expense account will be closed by debiting the Income summary account. the correct option is A.

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8) Which of the following accounts will be closed by debiting the Income summary account: A) Depreciation expense B) Accounts payable C) Accumulated depreciation D) Service revenue

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What is an Income summary account?

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8) Which of the following accounts will be closed by debiting the Income summary account:
A) Depreciation expense
B) Accounts payable
C) Accumulated depreciation
D) Service revenue