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Which if the following is NOT true about closing entries? A) Closing entries move the balances of nominal accounts to the owner's capital account. B)
Which if the following is NOT true about closing entries?
A) Closing entries move the balances of nominal accounts to the owner's capital account.
B) Closing entries are an optional step in the accounting cycle.
C) Closing entries are made later in the accounting cycle than adjusting entries.
D) Closing entries are made before the post-closing trial balance is prepared.
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