An expenses account is closed by a debit to?

An expenses account is closed by a debit to?
  • A.
    an asset account and a credit to the expenses account
  • B.
    the expenses account and a credit to an asset account
  • C.
    profit and loss account and a creit to the expenses account
  • D.
    the expenses account and a credit to profit and loss account
Correct Answer: Option C
Explanation
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