Why does the accountant close revenue and expense accounts at the end of each accounting period?

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Financial Accounting An Introduction To Concepts Methods And Uses

ISBN: 9780324183511

10th Edition

Authors: Clyde P. Stickney, Roman L. Weil

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Question Posted: Jun 13, 2024 02:10 AM

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Why does the accountant close revenue and expense accounts at the end of each accounting period?

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Financial Accounting An Introduction To Concepts Methods And Uses

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