QuickBooks Automatically Closes ________ Accounts to Start Each New Accounting

question 23

Multiple Choice

QuickBooks automatically closes ________ accounts to start each new accounting year with a $0 balance in all ________ accounts.

• A)temporary; permanent
• B)temporary; temporary
• C)permanent; permanent
• D)permanent; temporary

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Definitions:

Collaborative Approach

A working method that involves joint effort and partnership among team members or organizations to accomplish a common goal.

International Business

encompasses all commercial transactions, both governmental and private, between parties of different countries, involving exports, imports, and foreign direct investment.

Lower-cost Labour

Employment of workers at relatively lower wages, usually in contexts where labor costs significantly impact production expenses.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture over others.