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    Accounting Study Set 2
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    Exam 5: Completing the Accounting Cycle Closing and Reversing Entries
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    Which of the Following Accounts Is Closed to the Profit
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Which of the Following Accounts Is Closed to the Profit

Question 34

Question 34

Multiple Choice

Which of the following accounts is closed to the profit or loss summary account?


A) GST receivable
B) Owner's drawings
C) Depreciation expense
D) Accrued wages

Correct Answer:

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