Final answer:
Accrued items in business accounting are important for financial reporting and are prorated in financial statements.
Explanation:
Accrued items, in business accounting, refer to expenses that have been incurred but have not yet been paid for or recorded. These items are prorated in financial statements to accurately reflect the current financial position of a company. They are not nonexistent for a closing but are crucial for proper financial reporting and analysis.
Learn more about Accrued items in business accounting here:
https://brainly.com/question/34311915
