Business, 14.03.2020 05:18, Blakemiller2020
Closing entries are required: a. Only if the company adheres to the accrual method of accounting. b. So that Revenue, expense, and dividends accounts must begin each period with zero balances. c. In order to satisfy the Internal Revenue Service guidelines. d. If management has decided to cease operating the business. e. If a company's bookkeeper does not choose to prepare reversing entries.
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Closing entries are required: a. Only if the company adheres to the accrual method of accounting. b....
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