Question: Multiple Choice Question Choose, the statement below that explains what closing means. Closing means to transfer an expense account's balance to the in - come

Multiple Choice Question
Choose, the statement below that explains what "closing" means.
Closing means to transfer an expense account's balance to the in-
come statement.
Closing means to transfer the balance in an account to an asset ac-
count.
Closing means to bring an account balance to zero.
Closing means to adjust an account's balance to its correct amount.
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Multiple Choice Question Choose, the statement below that explains what "closing"

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