Revenue and Expense Account Are Permanent Accounts

question 15

True/False

Revenue and expense account are permanent accounts.

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Definitions:

Trade Advertising

Advertising aimed at professionals within a specific industry rather than the general public, to promote goods and services within that industry.

Woodworking Industry

Sector focused on the process of making items from wood, encompassing cabinet making, carpentry, and woodturning.

Custom Woodworking Business

A business that specializes in creating custom wooden furniture, decorations, or structures tailored to individual client specifications.

Shelf Facings

The number of individual products placed beside each other on the shelf.