What are two reasons for recording closing entries?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 09:51 AM

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What are the two reasons for recording closing entries?
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What are two reasons for recording closing entries?

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Closing entries are prepared to transfer temporary account balances to ret...View the full answer

Financial Accounting Tools for Business Decision Making

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