Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers

The purpose of the closing process is

to summarize the profit generating activities of a company that occurred during a particular period of time
to disclose the sources of changes in the various permanent shareholders' equity accounts that occurred during the period
to reduce temporary accounts to zero balances and to reflect the changes that have occurred in that account during the period
to present the financial position of the company on a particular date
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