Closing Entries Are Dated in the Journal as of

question 56

Multiple Choice

Closing entries are dated in the journal as of

• A) the date they are actually journalized, although they are generally prepared after the end of the accounting period
• B) the last day of the accounting period
• C) the first day of the accounting period, although they are actually journalized well after the beginning of the accounting period
• D) the first day of the subsequent accounting period

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