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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
  5. Question
    When Closing the Expense Account,which of the Following Accounts Will
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When Closing the Expense Account,which of the Following Accounts Will

Question 122

Question 122

Multiple Choice

When closing the expense account,which of the following accounts will also be closed?


A) Purchases Returns and Allowances
B) Merchandise Inventory
C) Sales Returns and Allowances
D) Owner's Capital

Correct Answer:

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