Accounting entries made to reduce the temporary accounts to zero balances are known as:

Name: Accounting entries made to reduce the temporary accounts to zero balances are known as:
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Closing entries are made at the end of an accounting period to zero out the temporary accounts, which include revenues, expenses, and dividends. This process transfers the balances of these accounts to the retained earnings account, leaving them with zero balances to start the next accounting period.

Accounting Entries Made to Reduce the Temporary Accounts to Zero