Which type of account is always debited during the closing process?
A) Dividends
B) Expense
C) Revenue
D) Retained earnings

Name: Which type of account is always debited during the closing process? A) Dividends B) Expense C) Revenue D) Retained earnings
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Question

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Revenue accounts are always debited during the closing process to transfer their balances to the Retained Earnings account, effectively zeroing them out for the start of the new accounting period.

Which Type of Account Is Always Debited During the Closing