Which of the Following Accounts Are Temporary Accounts That Must

question 23

Multiple Choice

Which of the following accounts are temporary accounts that must be closed at the end of the year?

• A) Assets, liabilities and withdrawals
• B) Revenues, expenses and withdrawals
• C) Assets, liabilities and capital
• D) Revenues, expenses and capital

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Definitions:

Introverts

Individuals who prefer minimally stimulating environments and tend to focus on internal thoughts and feelings rather than seeking external stimulation.

Extraverts

Individuals who are characterized by their outgoingness, high energy, and ease in social situations, often seeking stimulation from the external environment.

Eyes

Organs of vision that detect light and convert it into electro-chemical impulses in neurons.

Warmth

The quality or state of being warm; often used metaphorically to express friendliness, kindness, or affection.