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Which of the following accounts is not closed to income summary account at the end of the accounting period? Accumulated depreciation Wages expenses Depreciation expenses
Which of the following accounts is not closed to income summary account at the end of the accounting period? Accumulated depreciation Wages expenses Depreciation expenses Advertising expenses The trial balance in which total debits equal total credits provides a proof that: the ledger is in balance the transactions have been correctly analyzed and recorded in proper accounts the correct debit and credit balances have been computed for each account no transaction has been completely omitted during the posting process
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