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At lunch, two of your co - workers who are bookkeepers got into a heat discussion ( it happens, really ) about whether closing entries
At lunch, two of your coworkers who are bookkeepers got into a heat discussion
it happens, really about whether closing entries should be made before or after
preparing the financial statements. They have come to you to resolve this issue
and have agreed to accept your position. Write a memo explaining the purpose
of closing entries and whether they should be made before or after preparing the
financial statements.
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