Why are revenue and expense accounts closed at the end of each period?

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Financial Accounting An Introduction To Concepts Methods And Uses

ISBN: 9780030452963

2nd Edition

Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney

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Question Posted: Jun 12, 2024 01:06 AM

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Why are revenue and expense accounts closed at the end of each period?

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Financial Accounting An Introduction To Concepts Methods And Uses

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