Practice mode Accounting

Which statement about closing entries is true?

Correct answer A. They must be made after the adjusting entries but before the reversing entries

Explanation

Closing entries are made at the end of the period after adjusting entries have updated the accounts, and reversing entries, if used, are made at the start of the next period.

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Answer checked 11 October 2026 How we write and check questions

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Which statement about closing entries is true?

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Which statement about closing entries is true?

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