Closing Entry Definition
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A closing entry is a journal entry made at the end of the accounting period whereby data are moved from temporary accounts to permanent accounts.
3.4 Purpose of the closing process and prepare closing entries
Closing Entry Definition
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Some years ago I found my September 2002 issue of Animerica in my garage, and scanned it's very well written and in-depth analysis of the (then) newly released End of Evangelion. I
What are Closing Entries?