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Hi can you help me answer this tanks Question 1.13 Closing entries are necessary in order to transfer the end-of-period balances in the revenue, expense,
Hi can you help me answer this tanks
Question 1.13 Closing entries are necessary in order to transfer the end-of-period balances in the revenue, expense, and withdrawals accounts to owner's capital. True False Question 1.14 Rent revenue is a permanent account which will be carried forward to the next period. True False Question 1.15 The withdrawals account is generally closed with a debit O True O False Step by Step Solution
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