Why is it necessary to close the books at the end of the accounting period?
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Q183: The following accounts and balances are taken
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Q186: Revenues and expenses are closed to:
A)Cash.
B)Net Income.
C)Dividends.
D)Retained
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Q191: On a multistep income statement,"Other income (expenses),net":
A)includes
Q192: Operating income reflects:
A)income from a company's main
Q193: The following accounts and balances are taken
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