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    Financial Accounting Fundamentals Study Set 2
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    Exam 3: Adjusting Accounts for Financial Statements
  5. Question
    The Closing Process Resets ________, __________, and ________ Account Balances
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The Closing Process Resets ________, __________, and ________ Account Balances

Question 63

Question 63

Short Answer

The closing process resets ________, __________, and ________ account balances to zero at the end of each accounting period.
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Correct Answer:

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revenue; e...

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