Question
A business ends its accounting cycle at a given point in time. The closing process prepares the accounting records for the beginning of a new
A business ends its accounting cycle at a given point in time. The closing process prepares the accounting records for the beginning of a new accounting cycle.
This is done each accounting period. Does that mean every month, every quarter or every year? Why do you think it is done only at that time?
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
