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What is the purpose of the owner's capital account in the closing process? a. Owner's Capital is a clearing account used to zero out all
What is the purpose of the owner's capital account in the closing process? a. Owner's Capital is a clearing account used to zero out all real accounts. b. Owner's Capital is used as a temporary account. c. Owner's Capital is used to verify that net income or loss is reported correctly. d. Owner's Capital is where the period's net income or loss is transferred
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