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:

Instrumental Morality

A stage in moral development where the individual's moral choices are based on the consequences or benefits of their actions to themselves.

Kohlberg

Kohlberg's theory refers to the stages of moral development in individuals, emphasizing the progression through pre-conventional, conventional, and post-conventional levels.

Egocentric Perspectives

A cognitive stance where an individual perceives the world solely from their own viewpoint, ignoring or not understanding the perspectives of others.

Middle Childhood

A developmental stage that typically refers to children aged between 6 to 12 years, where significant cognitive, emotional, and social growth occurs.