An Account Whose Balance Is Transferred to the Capital Account

question 57

True/False

An account whose balance is transferred to the capital account at the end of an accounting period is a temporary account.

---

Definitions:

Power Dynamics

The ways in which power is distributed and exercised within relationships or social structures.

The Personal Is Political

A principle highlighting that personal experiences are often rooted in larger social and political structures.

Political Issues

Problems or debates that are associated with government policies, political ideologies, or the administration of public affairs.

Social Context

The environmental and social settings that influence individuals' behaviors, perceptions, and interactions with others.