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  5. An expenses account...

An expenses account is closed by a debit to?

Accounts - Principles of Accounts
JAMB 2000
An expenses account is closed by a debit to?
  • A. an asset account and a credit to the expenses account
  • B. the expenses account and a credit to an asset account
  • C. profit and loss account and a creit to the expenses account
  • D. the expenses account and a credit to profit and loss account
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Correct Answer: Option C
Explanation
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