An Example of a Permanent Account Is The

question 81

Multiple Choice

An example of a permanent account is the:

• A)utilities expense account
• B)unearned revenue account
• C)service revenue account
• D)depreciation expense account

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Definitions:

Global Convergence

The process by which ideas, goods, and services spread and integrate across different cultures and countries, leading to increased similarity.

Infrastructure Development

The construction and improvement of foundational services and facilities such as roads, bridges, water supply, and electricity networks that are necessary for economic development.

Raw Materials

The basic materials from which products are manufactured or made, typically extracted from the natural environment.

Factors Of Production

The component parts, skill sets, or information required to produce a product or service, usually classified as land, labor, or capital.