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The Closing Entry for an Expense Account Would Consist of A

Question 50

Multiple Choice

The closing entry for an expense account would consist of a:


A) Debit to Income Summary and a credit to the expense account.
B) Debit to the expense account and a credit to Income Summary.
C) Credit to Retained Earnings and a debit to the expense account.
D) Credit to Revenue and a debit to the expense account.

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