Question: When closing entries are made: Multiple Choice All ledger accounts are closed to start the new accounting period All temporary accounts are closed but permanenti
When closing entries are made:
Multiple Choice
All ledger accounts are closed to start the new accounting period
All temporary accounts are closed but permanenti accounts dre not cosed
All asset accounts are closed but libility accounts are not cosed
All permanent accounts are closed but temporay accounts are not cossed
All balance sheet accounts are closed.
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