Assets, Liabilities, and Equity Accounts Are Not Closed; These Accounts

question 78

Multiple Choice

Assets, liabilities, and equity accounts are not closed; these accounts are called:

• A) Nominal accounts.
• B) Temporary accounts.
• C) Permanent accounts.
• D) Contra accounts.
• E) Accrued accounts.

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Definitions:

Mouth-Watering

A physiological response involving salivation, often triggered by the anticipation or presence of appetizing food.

Sexual Arousal

The physiological and psychological state of being awakened to sexual desire and readiness for sexual activity.

Japanese Quail

A species of Old World quail from East Asia, commonly used in research due to its rapid life cycle and clear behavioral traits.

Conditioned Response

A learned reaction or behavior in response to a conditioned stimulus.