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Why do we have to close expenses and revenues at the end of the period?

Accounting
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Question added by Mohammed Alsatrawi , Treasury Manager , Al Yusr Industrial Contracting Co
Date Posted: 2014/04/28
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Muhammad Akram Shahzad Mughal
by Muhammad Akram Shahzad Mughal , Assist. Manager Inventory & Warehouse , KahrPlast Co.

To calculate compines Net Profit or Loss at the end of the period......

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