Explain why this process is required and provide an example
At the end of the period it is necessary to close all temporary accounts. Explain why this process is required and provide an example of the closing of an expense account, Rent Expense in the form of a journal entry.
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a price ceiling would create a shortage of gasoline as you correctly explained if prices were free to adjust they would
at the end of the period it is necessary to close all temporary accounts explain why this process is required and
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