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To close the drawing account with a debit balance, credit the account for its balance and debit the owner's capital account. true false

To close the drawing account with a debit balance, credit the account for its balance and debit the owner's capital account. true false
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To close the drawing account with a debit balance, credit the account for its balance and debit the owner's capital account. true false

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User Laszlo Korte
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8.7k points

1 Answer

3 votes
False is the answer.
answered
User Li Ying
by
8.2k points
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