Closing Entry Definition

A closing entry is a journal entry made at the end of the accounting period whereby data are moved from temporary accounts to permanent accounts.

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Closing Entry Definition

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Some years ago I found my September 2002 issue of Animerica in my garage, and scanned it's very well written and in-depth analysis of the (then) newly released End of Evangelion. I

3.4 Purpose of the closing process and prepare closing entries