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Author Question: The purpose of closing entries is to (Read 118 times)

09madisonrousseau09

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on: Nov 10, 2019
The purpose of closing entries is to
◦ set nominal account balances to zero to begin the next period.
◦ adjust the accounts in the ledger.
◦ set real account balances to zero to begin the next period.
◦ help in preparing financial statements.
College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
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Marked as best answer by 09madisonrousseau09 on Nov 10, 2019

scottmt

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Reply #1 on: Nov 10, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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09madisonrousseau09

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Reply 2 on: Nov 10, 2019
Great answer, keep it coming :)

sarah_brady415

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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