Question: What function do Closing Entries perform? What function do Closing Entries perform? they close Assets and Liabilities to Owner s Equity ( Capital ) they

What function do Closing Entries perform?
What function do Closing Entries perform?
they close Assets and Liabilities to Owners Equity (Capital)
they close Owners Equity (Capital) to Asset and Liabilities
they close Revenue and Expense to Assets
they close Revenue and Expense to Owners Equity (Capital
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