Multiple Choice
Match the terms that follow with the correct definitions.
-The account used to record amounts taken out of the business by the owner
A) Interim statements
B) Closing entries
C) Expenses
D) Real or permanent accounts
E) Drawing account
F) Income Summary
G) Post-closing trial balance
H) Accounting cycle
I) Expense and revenue
J) Temporary-equity accounts
Correct Answer:

Verified
Correct Answer:
Verified
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