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  3. Study Set
    Fundamental Financial Accounting Concepts
  4. Exam
    Exam 2: Understanding the Accounting Cycle
  5. Question
    The Temporary Accounts Are Closed Prior to the Start of the Next
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The Temporary Accounts Are Closed Prior to the Start of the Next

Question 89

Question 89

Essay

The temporary accounts are closed prior to the start of the next accounting cycle.In this closing process,the amounts in each of these accounts are transferred to what other account(s)?

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