Why do you need to close the books for the specific period?

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Posted by:
Amir Shahin
12-March-2015

Monthly Closing

Question added by Sivasankar Thanapathi , General Accounting Manager , NAQUA
Date Posted: 2014/10/06

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1 Answers

by walid chehaid , Chief Financial Officer - Group CFO , Fineon.net

Closing organize financial records allow comparison between different time periods.Closing accounting periods by detailing transactions on an ongoing basis is mandatory for proper reporting.

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