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Closing entries are necessary for __________. A. permanent or real accounts only B. permanent accounts only C. temporary accounts only D. both permanent and temporary accounts
Closing entries are required for - -TEMPORARY ACCOUNTS ONLY. Temporary accounts include revenue and expense accounts. blog.ncut.edu.tw/userfile/4923/CHAP05.doc
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Asked 4/13/2014 8:19:03 AM
Updated 4/13/2014 8:37:47 AM
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what is the primary purpose of the statement of cash flows?
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Updated 4/13/2014 9:26:56 AM
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The primary purpose of the statement of cash flows is to report the cash generated and used during the time interval specified in its heading.
Added 4/13/2014 9:26:56 AM
This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca [4/13/2014 9:34:45 AM]
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