Temporary and Permanent Accounts - Professor Victoria Chiu

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Temporary and Permanent Accounts
professor Victoria Chiu

00:00:05 Temporary and permanent accounts

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How does liability transfered to the next accounting period...for example if we have laiblities of cash 5000 and paid it during that year ...we will make closing entry for that and A/P becomes 0

accountingfinanceplusfunny