Question: When closing entries are made: a . All liability accounts are closed but not the asset accounts b . All balance sheet accounts are closed
When closing entries are made:
a
All liability accounts are closed but not the asset accounts
b
All balance sheet accounts are closed
c
All temporary accounts are closed but not the permanent accounts
d
All ledger accounts are closed to start the new fiscal period
e
All permanent accounts are closed but not the temporary accounts
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