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The owner's capital account is closed at the end of each accounting period. TRUE or FALSE
The owner's capital account is closed at the end of each accounting period. FALSE.
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Asked 10/1/2013 8:24:41 PM
Updated 134 days ago|5/11/2018 4:25:01 PM
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Edited by jeifunk [5/11/2018 4:25:01 PM]
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The owner's capital account is closed at the end of each accounting period. FALSE.
Added 134 days ago|5/11/2018 4:24:52 PM
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The Purchases account is a (Points : 5) permanent account. temporary account. subsidiary account liability account.
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Updated 233 days ago|2/1/2018 7:42:38 AM
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Confirmed by jeifunk [2/1/2018 7:42:39 AM]
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