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  3. Study Set
    College Accounting Study Set 2
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    Exam 5: The Accounting Cycle Completed
  5. Question
    How Do You Close a Revenue Account
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How Do You Close a Revenue Account

Question 3

Question 3

Multiple Choice

How do you close a revenue account?


A) Debit Capital; credit Revenue
B) Credit Withdrawals; debit Revenue
C) Credit Income Summary; debit Revenue
D) Debit Income Summary; credit Revenue

Correct Answer:

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