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Closing the temporary accounts at the end of each accounting period: a Prepares the withdrawals account for use in the next period b Gives the

Closing the temporary accounts at the end of each accounting period:

a

Prepares the withdrawals account for use in the next period

b

Gives the revenue and expense accounts zero balances.

c

Gives the withdrawals account a zero balance.

d

All of these answers are correct.

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