The overhead accounts are closed or become zero at the end of each year.

Name: The overhead accounts are closed or become zero at the end of each year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Yes, the overhead accounts are closed or become zero at the end of each year through the process of overhead allocation to products or services. This ensures that the costs associated with manufacturing or providing the products or services are accurately reflected and accounted for.

The Overhead Accounts Are Closed or Become Zero at the End