Which of the Following Does Not Occur During the Closing

question 6

Multiple Choice

Which of the following does not occur during the closing process?

• A) Journal entries are made to return the balance in all temporary accounts to zero.
• B) Journal entries are made to transfer the net income or loss to retained earnings.
• C) Journal entries are made to return the balance in all permanent accounts to zero.
• D) Journal entries are made to transfer the dividends to retained earnings.

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