When Closing Entries Are Made

question 85

Multiple Choice

When closing entries are made:

• A)All ledger accounts are closed to start the new accounting period.
• B)All temporary accounts are closed but permanent accounts are not closed.
• C)All real accounts are closed but nominal accounts are not closed.
• D)All permanent accounts are closed but nominal accounts are not closed.
• E)All balance sheet accounts are closed.

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