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accounting final

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Question;accouting finalQuestion 1.1.(TCO 3) At the end of the period it is necessary to;close all temporary accounts. (1) Explain why this process is required (15;points) and (2) provide an example of the closing of an expense account, Rent;Expense in the form of a journal entry. (10 points) (Points: 25)

 

Paper#61006 | Written in 18-Jul-2015

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