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24 Sep 2019

At the end of the accounting year, we closed all the real accounts. Is this statement correct or not?

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Jarrod Robel
Jarrod RobelLv2
30 Jul 2019

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Related questions

at the end of the accounting period what accounts are closed and not closed?

1: A company has a correct $25,000 year-end balance in its SalesDiscount account. Explain what that 25,000 represents.

Is that account closed out at the end of the year?

2: What is the "Operating Cycle" for a merchandiser?

3: Identify 4 accounts that are closed out by a merchandiser buta service business would not have those accounts to close.

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