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Question 11 (Mandatory) (2 points) Closing entries are made to prepare revenue and expense accounts for the recording of the next period's revenue and expenses.
Question 11 (Mandatory) (2 points) Closing entries are made to prepare revenue and expense accounts for the recording of the next period's revenue and expenses. enable the accountant to prepare financial statements at the end of any given accounting period. establish new balances in the balance sheet accounts. reduce the number of expense accounts
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