The closing process is necessary in order to:

Select one:

a$.$ Ensure complianoe with payroll regulations:

b$.$ Ensure that all permanent acoounts are closed to zere at the end of each accounting period.

c$.$ Ensure that the company complies with state laws.

d$.$ Ensure that net income or net loss and owner withdrawals for the period are closed into the owner's capital account.

e$.$ Ensure that management is aware of how well the company is operating.