ACC101_-_SP_2025_-_Block_5_-_1_3855.webp
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ACC101_-_SP_2025_-_Block_5_-_1_3855.webp

Kizspy Question: 6
(Choose 1 answer)
In the closing process, which type of account is directly affected by the transfer of net income from Income
Summary?
A. Revenue accounts
B. Expense accounts
C. Withdrawals account
D. Owner's Capital account
E. Cash account

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ACC101
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