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  3. Study Set
    College Accounting
  4. Exam
    Exam 6: Financial Statements and the Closing Process
  5. Question
    The Balance in an Expense Account Is Closed to A(n)
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The Balance in an Expense Account Is Closed to A(n)

Question 103

Question 103

Multiple Choice

The balance in an expense account is closed to a(n)


A) capital account.
B) revenue account.
C) drawing account.
D) income summary account.

Correct Answer:

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