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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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