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What is the purpose of the closing process? A.To set all account balances to zero B.To adjust for accrual and deferral transactions C.To prepare the

What is the purpose of the closing process? A.To set all account balances to zero B.To adjust for accrual and deferral transactions C.To prepare the accounting records so they are ready to track results for the following year D.To record transactions for the period

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