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One purpose of closing entries is to give zero balances to some accounts and some accounts are not closed during the closing process.Which of the
One purpose of closing entries is to give zero balances to some accounts and some accounts are not closed during the closing process.Which of the following should have a zero balance and which accounts should not have a zero balance during the closing process?
Capital/Withdrawals
Capital/Expenses
Assets/Withdrawals
Revenue/Capital
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