a . Why are temporary accounts used? b . What is the difference between a temporary account

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a. Why are temporary accounts used?

b. What is the difference between a temporary account and a permanent account?

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 16, 2022 02:38 AM

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a . Why are temporary accounts used? b . What is the difference between a temporary account

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Temporary accounts are used to compile transactions that impact the profit or loss of a business ...View the full answer

Glencoe Accounting First Year Course

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