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One purpose of closing entries is to give zero balances to asset and liability accounts. liability and capital accounts. revenue and expense accounts. expense and
One purpose of closing entries is to give zero balances to
asset and liability accounts.liability and capital accounts.revenue and expense accounts.expense and capital accounts.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
