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Which of the accounts below would be closed by posting a debit to the account?
Revenue
The total income generated by a company from its business activities, before any expenses are subtracted.
Carrying Cost
The total cost of holding inventory, including storage, depreciation, obsolescence, and insurance.
Storage Costs
Expenses associated with storing a company's products or materials until they are needed or sold.
Insurance and Taxes
Mandatory expenses that include payments for risk coverage policies and contributions to state and federal governmental bodies.
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