Which of the Following Accounts Will Be Directly Closed to Capital

question 49

Multiple Choice

Which of the following accounts will be directly closed to Capital at the end of the fiscal year?

• A) Salaries Expense
• B) Fees Revenue
• C) Withdrawals
• D) Depreciation Expense

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Definitions:

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Fundamental beliefs or guidelines that serve as the foundation for a system, organization, or approach.

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The quality of being fair, truthful, and sincere in one's actions, communications, and business dealings.

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