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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 6: Closing Entries and Teh Postclosing Trial Balance
  5. Question
    The First Step in the Closing Process Is to Close
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The First Step in the Closing Process Is to Close

Question 89

Question 89

Multiple Choice

The first step in the closing process is to close:


A) the capital account.
B) the expense account(s) .
C) the drawing account.
D) the revenue account(s) .

Correct Answer:

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