Permanent Accounts Are NOT Closed at the End of the Period

question 156

True/False

Permanent accounts are NOT closed at the end of the period.

---

Definitions:

Closed-ended Question

A question formulated to receive a specific, limited response, typically "yes" or "no," facilitating straightforward answers or data collection.

Closed-ended Question

A type of question that typically can be answered with "yes" or "no" or within a limited set of options.

Hypothetical Question

A question based on assumptions rather than facts, often used to explore possibilities or legal implications in various scenarios.

Open-ended Question

A type of question that allows for a free-form response, encouraging detailed answers rather than a simple yes or no.