Removing an Act from Those Prohibited by Law Is Referred

question 45

Multiple Choice

Removing an act from those prohibited by law is referred to as _____.

• A)coagulation
• B)decriminalization
• C)institutionalization
• D)acquisition

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Definitions:

Company Center

Likely a feature or section within business or accounting software that provides an overview or management tools for company information and operations.

Temporary Accounts

Accounts in accounting that are closed at the end of the accounting period and include revenues, expenses, and dividends accounts.

Accounting Period

An accounting period is a specific time span during which financial activities are recorded and compiled into financial statements.

Permanent Accounts

Accounts that carry their ending balances over to the next accounting period, such as assets, liabilities, and equity accounts.