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Q4: The income statement for Ali express for the month ending june 30 shows Service...

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Q4: The income statement for Ali express for the month ending june 30 shows Service Revenue Rs.20,400. Salaries and Wages Expense Rs.7.500. Maintenance and Repairs Expense Rs.3.000. and Net Income Rs.6,700. Prepare the entries to close the revenue and expense accounts. Post the entries to the revenue and expense accounts, and complete the closing process for these accounts. (05 Marks)

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