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    Financial Accounting Study Set 31
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    Exam 4: Completing the Accounting Cycle
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    Closing Entries Are Necessary for
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Closing Entries Are Necessary for

Question 140

Question 140

Multiple Choice

Closing entries are necessary for


A) permanent accounts only.
B) temporary accounts only.
C) both permanent and temporary accounts.
D) permanent or real accounts only.

Correct Answer:

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