Which of the Following Categories of Accounts Are Temporary Accounts

question 108

Multiple Choice

Which of the following categories of accounts are temporary accounts that are 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

---

Definitions:

Perpendicularity

Perpendicularity is the condition of being exactly at a 90-degree angle to a referenced surface or line, crucial in part and assembly accuracy.

Parallelism

The condition or quality of being parallel; in mechanical engineering, it refers to surfaces or axes that remain the same distance apart and never meet.

Datum Plane

An imaginary flat surface used as a reference for measuring and constructing geometries in design and manufacturing.

Orientation Tolerances

Limits on the allowable deviation in the position of features on a part relative to its specified orientation.