Explain the concept of the closing process by drawing analogies between a scoreboard for an athletic event and the revenue and expense accounts of a business.
The closing process by drawing analogies between a scoreboard for an athletic event and the revenue and expense accounts of a business is shown below:- A. In an athletic event main idea is to judge the analogies over the other as well as the position of win or lose is analyzed. In addition to this it is analyzed who has upper hand and who played the best at some point of time.