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nyah95 nyah95
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4 months ago
Transferring net revenue and expense account balances to retained earnings for the period is referred to as closing the books.

▸ true

▸ false
Textbook 

Business in Action


Edition: 9th
Authors:
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chevy87chevy87
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4 months ago
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More questions for this book are available here
true

Closing the books refers to transferring net revenue and expense account balances to retained earnings for the period.

1

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nyah95 Author
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Helped a lot
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this is exactly what I needed
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You make an excellent tutor!
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