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The Last Step in the Closing Process Is to Credit

question 46

True/False

The last step in the closing process is to credit the Drawing account and debit the Capital account.


Definitions:

Anterior Chamber

Chamber of the eye between the cornea and the iris.

Posterior Chamber

The fluid-filled space between the iris and the lens of the eye, containing aqueous humor.

Iris

The iris is the colored part of the eye that controls the size of the pupil and the amount of light reaching the retina.

Lens

A transparent structure in the eye that focuses light rays onto the retina to create clear images.

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