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The 'learning perspective' emphasizes the emancipating potential of learning for individuals and collectives and is most closely associated with which perspective?
Real Accounts
Accounts that represent assets, liabilities, and equity, which are not closed at the end of the accounting period and carry over their balances.
Permanent Accounts
Accounts in the general ledger that are not closed at the end of an accounting year and whose balances are carried forward to the next year.
Balance Sheet Accounts
Accounts that report the financial position of a company, including assets, liabilities, and shareholders' equity, at a specific point in time.
Closing Process
The transfer process of converting temporary account balances to zero by transferring the revenue and expense account balances to the owner’s capital account, and transferring the owner’s drawing account balance to the owner’s capital account.
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