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Closing entries are made to prepare revenue, expense, and dividend accounts for the upcoming new accounting period by bringing these accounts to a zero balance.
Closing entries are made to prepare revenue, expense, and dividend accounts for the upcoming new accounting period by bringing these accounts to a zero balance. a. trueb. false
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Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
