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27 November, 16:35

How do you prepare closing entries in accounting

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Answers (2)
  1. 27 November, 17:21
    0
    The answer is:

    Close all income accounts to Income Summary.

    Close all expense accounts to Income Summary.

    Close Income Summary to the appropriate capital account.

    Close withdrawals to the capital account/s (this step is for sole proprietorship and partnership only)
  2. 27 November, 19:14
    0
    Like really dont know the answer to this but I wish u luck
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