Multiple Choice
Closing entries are prepared for which of the following reasons?
A) To get the accounts ready for the next accounting period
B) To get the worksheet ready for the next accounting period
C) To get the journal ready for the next accounting period
D) To get the financial statements ready for the next accounting period
E) To get the journal ready for the current accounting period
Correct Answer:
Verified
Correct Answer:
Verified
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