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

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Which of the following accounts would not be closed at the end of an accounting ...
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Mohamed Hakeem Meerashahib
17-February-2016

Question added by Mohammed Alsatrawi , Treasury Manager , Al Yusr Industrial Contracting Co
Date Posted: 2014/04/28

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1 Answers

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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