Question 1.1.(TCO 3) At the end of the period it is necessary to
close all temporary accounts. (1) Explain why this process is required (15
points) and (2) provide an example of the closing of an expense account, Rent
Expense in the form of a journal entry. (10 points) (Points : 25)
Tags final accounting points expense closing provide account example rentexpense entry journal form 15points required period 11tco question final neceary toclose proce explain accounts temporary accouting
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