Question
Why must uncategorized income be closed? 1. to avoid duplication of expenses on the income statement? 2. because we close all revenues and expenses at
Why must uncategorized income be closed?
1. to avoid duplication of expenses on the income statement?
2. because we close all revenues and expenses at year end
3. so accounts receivable is correct
4. to avoid duplication of income on the income statement?
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A Textbook Of Accounting For Management
Authors: S.N. Maheshwari
3rd Edition
9325956195, 978-9325956193
