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5. Closing journal entries: a. Are prepared to bring permanent accounts to zero at year-end. b. Are prepared to bring tempora
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answer b. are prepared to bring temporary accounts to zero at the year-end

explanation: at the year end temporary account and permanent accounts remained. Temporary accounts are the accounts which remains open during the year like revenue account and expenditure accounts whereas permanent accounts are accounts which belongs to multiple period. Like accounts the balances in balance sheet. At the year end the closing entries are transferred to permanent account and closing entries balance reset zero. so closing entries are the temporary accounts at the year-end.

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