Another Name for a Temporary Account Is A(n)

question 29

Multiple Choice

Another name for a temporary account is a(n) :

• A)Real account.
• B)Contra account.
• C)Accrued account.
• D)Balance column account.
• E)Nominal account.

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Definitions:

Slander of Title

A false and malicious statement that disparages a person's property rights, often leading to financial loss.

Injurious Falsehood

A legal claim involving the intentional spread of falsehoods about a person, business, or product, causing economic loss or damage to reputation.

Trade Libel

The publication of false statements about another’s product or business that causes economic loss, considered a form of defamation.

Trade Secret

Information, including formulas, practices, designs, instruments, or patterns, that is not generally known or readily ascertainable, and by which a business can obtain an economic advantage over competitors or customers.