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    Business
  3. Study Set
    Accounting Information for Business Decisions
  4. Exam
    Exam 5: Recording, Storing and Reporting Accounting Information
  5. Question
    Which One of the Following Accounts Must Be Closed to Zero
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Which One of the Following Accounts Must Be Closed to Zero

Question 52

Question 52

Multiple Choice

Which one of the following accounts must be closed to zero at the end of the accounting period?


A) Asset
B) Liability
C) Revenue
D) Capital

Correct Answer:

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