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  3. closing entries are prepared for which of the foll

closing entries are prepared for which of the following reasons...??? a) To get the journal ready for...

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Accounting

closing entries are prepared for which of thefollowing reasons...???
a) To get the journal ready for the next accounting period
b) To get financial statements ready for next accountingperiod
3) To get the worksheet ready for the next accounting pey
4) To get the accounts ready for the next accounting period

Answer & Explanation Solved by verified expert
3.6 Ratings (252 Votes)
Closing entries are the entries passed for closing the temporary accounts Revenue and Expenses Accounts at the end of the accounting period They are done after the financial    See Answer
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