What types of accounts are closed at the end of the accounting period? Why is it necessary

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What types of accounts are closed at the end of the accounting period? Why is it necessary to close these accounts?

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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Question Posted: Jan 03, 2012 03:45 AM

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What types of accounts are closed at the end of the accounting period? Why is it necessary

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