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30 November, 05:20

The journal entry to close revenue accounts includes

a.

debiting the revenue accounts and crediting Income Summary.

b.

debiting Income Summary and crediting the revenue accounts.

c.

debiting the revenue accounts and crediting Cash.

d.

debiting the revenue accounts and crediting the drawing account.

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Answers (1)
  1. 30 November, 08:50
    0
    debiting the revenue accounts and crediting Cash.

    d.
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