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    Principles of Financial Accounting Study Set 1
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    Exam 4: Completion of the Accounting Cycle
  5. Question
    Closing the Drawings Account to Capital Is Not Necessary If
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Closing the Drawings Account to Capital Is Not Necessary If

Question 39

Question 39

True/False

Closing the drawings account to Capital is not necessary if profit is greater than owner's drawings during the period.

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