Question: In a periodic inventory system, the closing process includes crediting the following accounts to bring their balances to zero OA. Purchases and Freight In

In a periodic inventory system, the closing process includes crediting the following accounts to bring their balances to zero OA. Purchases and Freight In OB. Purchase Discounts and Sales Discounts OC. Purchase Returns and Allowances and Purchase Discounts OD. Cost of Goods Sold and Freight In

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