Question
1- How is the profit margin calculated? Discuss its use in analyzing a company's performance. 2- What is the purpose of closing entries? Describe the
1-How is the profit margin calculated? Discuss its use in analyzing a company's performance.
2- What is the purpose of closing entries? Describe the closing process.
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
