An Account That Is Not Closed at the End of the Period

question 137

Multiple Choice

An account that is not closed at the end of the period is called a(n) :

• A)expense account.
• B)temporary account.
• C)permanent account.
• D)revenue entry.

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Definitions:

Conventional

Conventional refers to something that follows accepted or traditional standards, practices, or methods.

Creative People

Individuals known for their ability to think outside the box and produce original and valuable ideas or products.

Algorithm

A step-by-step procedure or formula for solving a problem or completing a task.

Area of a Circle

The measurement of the space contained within a circle, calculated as π times the radius squared (πr^2).