Why are expense and revenue accounts used when all revenues and expenses could be shown directly in

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Why are expense and revenue accounts used when all revenues and expenses could be shown directly in the Retained Earnings account?

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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Question Posted: Jun 14, 2024 01:37 AM

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Why are expense and revenue accounts used when all revenues and expenses could be shown directly in

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Financial Accounting A Business Perspective

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