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    College Accounting Study Set 2
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    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
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    The Goal of Closing Entries Does NOT Include
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The Goal of Closing Entries Does NOT Include

Question 23

Question 23

Multiple Choice

The goal of closing entries does NOT include:


A) to clear revenue and expense accounts.
B) to update the Capital account balance.
C) to clear the Withdrawals account.
D) to clear the Cash account.

Correct Answer:

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