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Match the Terms That Follow with the Correct Definitions

Question 32

Multiple Choice

Match the terms that follow with the correct definitions.
-Account classifications that are closed into the Income Summary account


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:

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