Why are the temporary accounts closed to the owners capital account at the end of the accounting

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Why are the temporary accounts closed to the owner’s capital account at the end of the accounting period?

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 10, 2022 12:14 AM

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Why are the temporary accounts closed to the owners capital account at the end of the accounting

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Glencoe Accounting First Year Course

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