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    Financial Accounting Study Set 1
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    Exam 3: Adjusting and Closing Entries
  5. Question
    Revenue Accounts Are Closed by Crediting Them and Debiting Retained
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Revenue Accounts Are Closed by Crediting Them and Debiting Retained

Question 84

Question 84

True/False

Revenue accounts are closed by crediting them and debiting retained earnings.

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