Closing entries are entries<span> made at the end of an accounting period to zero out all temporary accounts. The balances are transferred to permanent accounts.
After the closing entries have been posted:
A. the temporary accounts are zeroed out
Revenues and expenses are transferred to the income Summary Account and then Income Summary is closed to Retained earnings.</span>
she should leave and go somewhere else for a mminute to cool and then come backa nd close tabs.
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It allows companies to make definitive predictions about the future. It gives companies the ability to make informed decisions.
It helps Data Analysts shape an analytics problem from a business problem.
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that's true after some period of time it's necessary
Answer:5 i think im not sure though
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