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1 January, 20:29

How do you prepare closing entries in accounting

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  1. 1 January, 21:30
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    Like really dont know the answer to this but I wish u luck
  2. 1 January, 22:06
    0
    The answer is:

    Close all income accounts to Income Summary.

    Close all expense accounts to Income Summary.

    Close Income Summary to the appropriate capital account.

    Close withdrawals to the capital account/s (this step is for sole proprietorship and partnership only)
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