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Journalizing and Posting Closing Entries Is a Required Step in the Accounting

question 77

Essay

Journalizing and posting closing entries is a required step in the accounting cycle. Explain why it is necessary to close the books at the end of an accounting period.

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Definitions:

Gender Roles

The social and behavioral norms that are considered appropriate for individuals of a certain gender within a specific culture.

Gender Preparation

The social process through which individuals are taught and learn gender roles and expectations, often according to societal norms associated with their sex.

George Herbert Mead

An American sociologist and philosopher known for his contributions to the development of the symbolic interactionism perspective in sociology.

"Me"

In symbolic interactionism, the aspect of an individual's self that is formed through social interactions and reflects the internalized views of society.

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