Question: The closing process involves: Multiple Choice Recording year - end adjusting entries. Transferring revenue and expense balances to retained earnings. Closing out the permanent account

The closing process involves:
Multiple Choice
Recording year-end adjusting entries.
Transferring revenue and expense balances to retained earnings.
Closing out the permanent account balances.
All of these answer choices are incorrect.
The closing process involves: Multiple Choice Recording year-end adjusting entries. Transferring

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