Question
How do closing entries play a part in transferring the profit or loss to the owner? Explain (in three or four sentences) how closing entries
How do closing entries play a part in transferring the profit or loss to the owner?
Explain (in three or four sentences) how closing entries transfer the profit to the owners account.
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley
10th Edition
0131457349, 978-0131457348
