When expense accounts are closed,we credit each expense account.

Name: When expense accounts are closed,we credit each expense account.
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When an expense account is closed, it means there are no further transactions to be recorded in that account. In accounting, we close an expense account by transferring the balance to the income summary account. This is done through a credit entry in the expense account, which reduces its balance to zero. Therefore, we credit each expense account when it is closed.

When Expense Accounts Are Closed,we Credit Each Expense Account