This Forum is for students to submit their weekly reflections regarding concepts learned. There are 13 reflections and the course value is 20%. We will take the best marks from 10/13 reflections. Rules: Please be respectful in your submissions and opportunities to present what you learned or where there were gaps present an opportunity for your professor to support your learning and also for your peers to contribute to the overall learning process of everyone. You must post your initial response/reflection to the discussion question for your professor to comment on before you can view responses or respond to your classmate's comments. Discussions are graded out of 2. If you provide a correct and complete answer to the question(s), you should earn 2/2. The grade goes down from there depending on the completeness & accuracy of your response. For example, no response, or a one or two word answer such as 'Yes' or 'No', will most likely result in a grade of 0/2. The objective of having you participate in a discussion forum is to allow you to demonstrate your understanding of the course learning outcomes. Please pay careful attention to where a specific word count minimum is required. Think about what would happen if you didn't close the accounts at the end of the accounting period. Using no less than 100 words, explain what accounting principles or concepts would be violated if the accounts were not closed at the end of one accounting period when this had been done in previous years