Balance Sheet Accounts Are Also Called

question 26

Multiple Choice

Balance Sheet accounts are also called:

• A)equity accounts
• B)temporary accounts
• C)permanent accounts
• D)None of these

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Definitions:

Express Warranty

An explicitly stated guarantee provided by a seller to a buyer, promising the quality or performance of a product.

Sample

An example or specimen that represents the whole, used for testing or analysis.

Express Warranty

A promise explicitly stated by a seller about the condition, functionality, or quality of a product.

Guaranteed

A promise or assurance, typically in writing, that certain conditions will be fulfilled or a particular product will meet a specified level of quality.