Mrlittlefish
02.12.2020 •
Mathematics
Plz answer these 2 I’ll mark brainliest
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Ответ:
THE ANSWER
A
B
Step-by-step explanation:
MARK BRAINLIEST
Ответ:
b) update the Retained Earnings account.
Step-by-step explanation:
A major purpose of preparing closing entries is to - update the Retained Earnings account.
Retained earnings are defined as those profits, that a company has earned to date minus any dividends or other money paid to investors.
Whenever we make an entry to the accounting records, that affects a revenue or expense account, this retained earning amount is adjusted.