Service Revenue Is a Permanent Account

question 51

True/False

Service revenue is a permanent account.

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Definitions:

Comparative Advantage

The skillfulness of an individual or team in performing a particular economic function more proficiently than another task.

Bushels

A unit of volume that is used in dry commodities trading, commonly used in agriculture for measuring grains.

Corn

A cereal plant that yields large grains, or kernels, set in rows on a cob; a major grain crop in various parts of the world.

Oats

A species of cereal grain grown for its seed, which is known for its health benefits and is used as livestock feed, oatmeal, and oat milk.