Why do we list each expense and revenue during the closing process? Wouldn't it be easier to
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Why do we list each expense and revenue during the closing process? Wouldn't it be easier to debit a generic revenue account for all revenues and credit a generic expense account for all expenses?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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