5.What is meant by the term "subsidiary accounts" and how are they used? 6.What is meant by the expression "closing the books"? 7.What would be the affect on the balance sheet and income...





5.What is meant by the term "subsidiary accounts" and how are they used?







6.What is meant by the expression "closing the books"?







7.What would be the affect on the balance sheet and income statements if a business owner instructed the bookkeeper to omit the year-end depreciation expense accounting entry?











May 15, 2022
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