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harra harra
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6 years ago
In a periodic inventory system, the closing process includes crediting the following accounts to bring their balances to zero:
A) Cost of Goods Sold and Freight In.
B) Purchases and Freight In.
C) Purchase Discounts and Sales Discounts.
D) Purchase Returns and Allowances and Purchase Discounts.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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#1
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6 years ago
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