The accumulated depreciation account is closed to the drawing account.
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Q23: Balance sheet accounts are not considered real
Q24: Accounts reported on the balance sheet that
Q25: Real accounts are not permanent accounts.
Q26: During the closing process, some balance sheet
Q27: The drawing account is a temporary account.
Q29: Entries required to close the balances of
Q30: Journalizing and posting the adjustments and closing
Q31: Closing entries are entered directly on to
Q32: The balance sheet accounts are referred to
Q33: A post-closing trial balance contains only asset
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