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Sonia and Frank have different opinions about the closing entries; the former views them as...

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Accounting

Sonia and Frank have different opinions about the closing entries; the former views them as an important step of the accounting cycle, while the latter thinks that closing entries are just a waste of time.

Who do you agree with and why?

Hint: You should use suitable examples to support your opinion.

Answer & Explanation Solved by verified expert
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