What is the purpose of closing entries?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 02:36 AM

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What is the purpose of closing entries?

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The purpose of the closing entries is to transfer the bala...View the full answer

Cornerstones of Financial and Managerial Accounting

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