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  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
  4. Exam
    Exam 2: Accounting for Accruals and Deferrals
  5. Question
    The Balances of the Temporary Accounts Are Transferred to Net
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The Balances of the Temporary Accounts Are Transferred to Net

Question 35

Question 35

True/False

The balances of the temporary accounts are transferred to Net Income,a permanent account,during the closing process.

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