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    Business
  3. Study Set
    College Accounting A Career Approach
  4. Exam
    Exam 5: Closing Entries and the Post-Closing Trial Balance
  5. Question
    The Fourth Step in the Closing Procedure Is to Close
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The Fourth Step in the Closing Procedure Is to Close

Question 77

Question 77

True/False

The fourth step in the closing procedure is to close the Income Summary account into the Capital account.

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