Express your opinion on the importance of closing temporary accounts and its distinction from permanent accounts...

 

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Express your opinion on the importance of closing temporary accounts and its distinction from permanent accounts I Your answer should be brief and include references in APA style. To substantiate your answer, it is suggested to carry out an effective search on the Internet using the electronic references of the module. Express your opinion on the importance of closing temporary accounts and its distinction from permanent accounts I Your answer should be brief and include references in APA style. To substantiate your answer, it is suggested to carry out an effective search on the Internet using the electronic references of the module.

Answer rating: 100% (QA)

Temporary accounts which are also called nominal accounts are company accounts whose balances are not carried over from one accounting period to anoth... View the full answer