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Question 9 The closing entry to zero out the balance in a revenue account would include a credit to that account. False. True. Depends on
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The closing entry to zero out the balance in a revenue account would include
a credit to that account.
False.
True.
Depends on the nature of the revenue account.
Is true only for noncash revenues.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Howard D. Teall, Foster Horngren, Data Horngren
3rd Canadian Edition
0130355801, 978-0130355805
