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  3. Study Set
    College Accounting A Career Approach Study Set 1
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    Exam 5: Closing Entries and the Post-Closing Trial Balance Including Appendix
  5. Question
    The Drawing Account Should Be Closed into the __________ Account
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The Drawing Account Should Be Closed into the __________ Account

Question 67

Question 67

Multiple Choice

The Drawing account should be closed into the __________ account.


A) Income Summary
B) Net Income
C) Expense
D) Capital

Correct Answer:

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