For a sole trader, which accounts are generally involved in closing entries? Why are these accounts closed
For a sole trader, which accounts are generally involved in closing entries? Why are these accounts closed
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1Q: Explain what is meant by the term real accounts (also known as permanent accounts).
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For a sole trader, which accounts are generally involved in closing entries? Why are these accounts closed?
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