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    Accounting Principles Study Set 2
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    Exam 4: Completion of the Accounting Cycle
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    In Order to Close a Revenue Account, the
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In Order to Close a Revenue Account, the

Question 55

Question 55

Multiple Choice

In order to close a revenue account, the


A) Income Summary account should be credited.
B) Income Summary account should be debited.
C) Owner's Drawings account should be credited.
D) Owner's Drawings account should be debited.

Correct Answer:

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