The balance sheet method of closing can often insult a buyer's intelligence.

Question

Quizplus · Accepted Answer

The balance sheet method of closing involves transferring the balances of asset and liability accounts to the buyer's new account. This method may be considered insulting to a buyer if they feel that it assumes they do not understand basic accounting principles. However, some buyers may prefer this method for simplicity and ease of understanding.

The Balance Sheet Method of Closing Can Often Insult a Buyer's