A Number of Accounts Are Listed Below

question 62

Essay

A number of accounts are listed below.Use the table to classify each account by indicating whether it is a temporary or permanent account,whether it is included in the Income Statement or Balance sheet,and if it is closed at the end of the accounting period,and,if so,whether it is closed with a debit or credit.The first one is done as an example.

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Definitions:

Constant

A value that remains unchanged or is fixed in a given context, often used in mathematical and scientific equations.

Intrauterine

Pertaining to or occurring within the uterus.

Intra-

A prefix meaning within or inside; used in medical and scientific terms to denote something occurring or situated within a specified area.

Within

In the interior or inside part of; enclosed by or lying inside boundaries or limits.