Which of the following accounts is not closed out? a- Income summary b- Owner's Capital c- Withdrawals d- Utilities expense

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خالد ابراهيم
10-November-2013

Accounting Financial Accounting

Question added by Said Shaban , Accountant , Tri State Materials Testing
Date Posted: 2015/07/28

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1 Answers

Michael Lagunday

by Michael Lagunday , Accountant , Dubai Camel Racing Club

My answer is B.

All the accounts mentioned above are closed to Owner’s Capital account.

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