The Owner's Drawing Account Is a Permanent Account Whose Balance

question 159

True/False

The owner's drawing account is a permanent account whose balance is carried forward to the next accounting period.

---

Definitions:

Social Inequality

The unequal distribution of resources, opportunities, and rights among different social positions or statuses within a society.

IQ Scores

Quantitative measurements used to assess a person's intelligence level relative to the general population, typically determined through standardized testing.

Meritocratic

Pertaining to or supporting the principle of meritocracy, where individuals' social status and mobility are based on their abilities and achievements rather than inherited privilege.

Social Stratification

The hierarchical arrangement of individuals or groups in a society based on wealth, power, prestige, or other criteria.