The permanent accounts-assets,liabilities,and stockholders' equity-are closed to the Owner,Capital account.

Name: The permanent accounts-assets,liabilities,and stockholders' equity-are closed to the Owner,Capital account.
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The permanent accounts are not closed to the Owner, Capital account. Instead, only the temporary accounts, such as revenues, expenses, and dividends, are closed to the Owner, Capital account at the end of each accounting period.

The Permanent Accounts-Assets,liabilities,and Stockholders' Equity-Are Closed to the Owner,Capital Account