Revenues, Expenses, and Withdrawals Accounts, Which Are Closed at the End

question 111

Multiple Choice

Revenues, expenses, and withdrawals accounts, which are closed at the end of each accounting period are:

• A) Balance sheet accounts.
• B) Temporary accounts.
• C) Real accounts.
• D) Permanent accounts.
• E) Closing accounts.

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Definitions:

Selenium (Se)

A nonmetal element with atomic number 34, vital in small amounts for cellular function in many organisms, and utilized in various industrial applications.

Alkane

Hydrocarbons with the general formula CnH2n+2, consisting only of single bonds and saturated with hydrogen.

Carbon Bonds

Refers to the covalent bonding between carbon atoms or between carbon and other atoms, forming a variety of organic and inorganic compounds.

Carbon Bonds

The chemical bonds between carbon atoms or between carbon and other atoms which constitute the backbone of organic compounds.