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  3. Study Set
    College Accounting Study Set 2
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    Exam 5: The Accounting Cycle Completed
  5. Question
    When Closing the Withdrawal Account
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When Closing the Withdrawal Account

Question 61

Question 61

Multiple Choice

When closing the Withdrawal account:


A) Capital would increase.
B) Capital would decrease.
C) Income Summary will be debited.
D) None of these is correct.

Correct Answer:

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