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The Closing Entry for Expenses Includes

Question 52

Multiple Choice

The closing entry for expenses includes:


A) A debit to Dividends and a credit to all expense accounts.
B) A debit to Retained Earnings and a credit to all expense accounts.
C) A debit to Revenues and a credit to Retained Earnings.
D) A debit to Revenues and a credit to all expense accounts.

Correct Answer:

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