Accounts Receivable Is a Permanent Account

question 102

True/False

Accounts receivable is a permanent account.

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Definitions:

Failure

The state or condition of not meeting a desirable or intended objective, often leading to a sense of loss, frustration, or disappointment.

Retroactive Interference

A phenomenon where newly learned information interferes with the recall of previously learned information.

Recall

The act of recalling information from previous experiences.

New Information

Refers to data or knowledge received or discovered which was previously unknown, often changing understanding or perspective.