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  3. Study Set
    Principles of Financial Accounting Study Set 1
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    Exam 4: Completion of the Accounting Cycle
  5. Question
    Closing Entries Are Necessary If the Business Plans to Continue
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Closing Entries Are Necessary If the Business Plans to Continue

Question 100

Question 100

True/False

Closing entries are necessary if the business plans to continue operating in the future and issue financial statements each year.

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