Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.

Name: Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
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Question

Quizplus · Accepted Answer

Once the expense account is closed, it is no longer used in the accounting process and is considered a historical item. It is unlikely to be reviewed again unless there is a specific need to do so.

Once the Expense Account Is Closed, It Becomes a Historical