Closing Entries Are Necessary for

question 140

Multiple Choice

Closing entries are necessary for

• A)permanent accounts only.
• B)temporary accounts only.
• C)both permanent and temporary accounts.
• D)permanent or real accounts only.

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Definitions:

Problem Statement

A concise description of an issue to be addressed or solved, outlining the specific challenges or goals.

Indirect Organizational Strategy

A communication or organizational approach that uses suggestion, implication, or other non-direct methods to convey a message or achieve a goal.

Informational Reports

Documents that present data and facts without analysis, intended to inform the reader about a specific topic, condition, or situation.

Second-level Headings

These are subheadings used to organize content under main headings in a document or presentation, adding structure and clarity.