Examlex
Some planktonic cyanobacteria have the ability to "fix" which of the following elements, thus having a fertilizing effect on the marine environment similar to the ability of the land plants legumes?
Permanent/Temporary
Refers to the classification of accounts or differences; permanent accounts are ongoing and not closed at the end of the accounting period, whereas temporary accounts are closed and reset.
Normal Balance
The side (debit or credit) of an account that is typically increased.
Financial Statement
A documented account of financial transactions and standing for businesses, individuals, or alternative entities.
Permanent/Temporary
Terms distinguishing between accounts that are not closed out or reset at the end of the accounting year (permanent accounts) and those that are (temporary accounts).
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