Closing entries are prepared:

A) to clear all temporary accounts to zero.
B) to update the Capital balance.
C) at the end of the accounting period.
D) All of the above are correct.

Answer: D

Business

You might also like to view...

A certain amount of nervousness is common for all presenters

Indicate whether the statement is true or false.

View
Business

Oracle workspace screen can be customized using __________ link

Fill in the blanks with correct word

View
Business