Why are the statement of earnings accounts closed, but the statement of financial position accounts are not?
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Why are the statement of earnings accounts closed, but the statement of financial position accounts are not?
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The statement of earnings accounts are closed at the end of the accounting period because they are ...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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