Which of the Following Types of Accounts Appear on the Balance

question 46

Short Answer

Which of the following types of accounts appear on the balance sheet and income statement respectively?
$$\begin{array} { | l | l | l | } \hline & \text { Balance } & \text { Income } \\&\text { sheet } & { \text { statement } } \\\hline \text { a. } & \text { Permarient accounts } & \text { Permarent accounts } \\\hline \text { b. } & \text { Perrianent accounts } & \text { Termporary accounts } \\\hline \text { c. } & \text { Terporary accounts } & \text { Permarent accounts } \\\hline \text { d. } & \text { Ternporary accounts } & \text { Ternporary accounts } \\\hline\end{array}$$

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Definitions:

Diverting

The act of changing the direction or use of something from its intended course or purpose.

Water

is a transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's hydrosphere and the fluids of most living organisms.

Marketable Title

Title for property to which the seller has legal title and against which there are no liens or restrictions of which the buyer is not aware.

Lien

A claim to property.