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What are the temporary capital accounts what are the advantages of having temporary capital accounts?
Wiki User
∙ 9y ago
On the subject of accounting and money management, Temporary Capital Accounts are accounts like "expenses" and "revenue" that rest themselves at the end of each set term (let's say one year) so that a business can keep track of how much they spend and earn in one year. One of the major benefits of knowing this is so that you can project the future growth of your investment or business.
Wiki User
∙ 9y ago
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