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Which of the following accounts is not closed out? a- Income summary b- Owner's Capital c- Withdrawals d- Utilities expense

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Question ajoutée par Said Shaban , Accountant , Tri State Materials Testing
Date de publication: 2015/07/28
Michael Lagunday
par Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC

My answer is B.

 

All the accounts mentioned above are closed to Owner’s Capital account.

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