The expense and withdrawals account are closed in the income summary account by credit entries.

Name: The expense and withdrawals account are closed in the income summary account by credit entries.
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The expense accounts are closed to the income summary account by debit entries, and the income summary account is credited. Withdrawals (or drawings) are closed directly to the owner's capital account, not through the income summary account.

The Expense and Withdrawals Account Are Closed in the Income