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Which of the following statements is TRUE about T-account balance processing when one accounting period is over to prepare for the next one? O Balance
Which of the following statements is TRUE about T-account balance processing when one accounting period is over to prepare for the next one? O Balance Sheet T-accounts are always reset to zero when one accounting period is over. O Balance Sheet T-accounts balances are carried forward to the next accounting period as the beginning balance. O T-account balance processing at the end of each accounting period is up to the company's management decision/policy. Income Statement T-accounts' balances are carried forward to the next accounting period as the beginning balance
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