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

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Definitions:

Therapy

The treatment of mental or psychological disorders by psychological means.

Consumer Reports

An American magazine published since 1936 by a nonprofit organization dedicated to unbiased product testing, consumer-oriented research, public education, and advocacy.

Psychotherapy

A form of treatment for mental disorders where a therapist uses psychological techniques to help a person change and overcome problems in desired ways.

Satisfaction

The feeling of fulfillment or pleasure derived from achieving a goal or having one's needs or desires met.