Question: Multiple Choice Question Choose the statement below that explains what closing means. Multiple choice question. Closing means to bring an account balance to zero. Closing

Multiple Choice Question
Choose the statement below that explains what "closing" means.
Multiple choice question.
Closing means to bring an account balance to zero.
Closing means to transfer the balance in an account to an asset account.
Closing means to transfer an expense account's balance to the income statement.
Closing means to adjust an account's balance to its correct amount.

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