For a sole trader, which accounts generally are involved in closing entries? Why are these accounts closed?

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Question Posted: Jun 18, 2019 10:47 AM

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For a sole trader, which accounts generally are involved in closing entries? Why are these accounts closed?

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The accounts involved in the closing process are All revenue accounts All expense accounts Th...View the full answer

Accounting

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