Closing entries are required: Multiple Choice If management has decided to cease operating the business. Only if the company adh

Question

3 years ago

13

Closing entries are required: Multiple Choice If management has decided to cease operating the business. Only if the company adh

eres to the accrual method of accounting. If a company's bookkeeper does not choose to prepare reversing entries. So that Revenue, expense, and dividends accounts must begin each period with zero balances. In order to satisfy the Internal Revenue Service guidelines.

Business

1 answer:

vodomira [7] · Answer 1 · 2022-08-03T22:51:45+03:00

vodomira [7]3 years ago

8 0

Answer: So that Revenue, expense, and dividends accounts must begin each period with zero balances

Explanation: