Revenues, Expenses, and Withdrawals Accounts, Which Are Closed at the End

question 111

Multiple Choice

Revenues, expenses, and withdrawals accounts, which are closed at the end of each accounting period are:

• A) Balance sheet accounts.
• B) Temporary accounts.
• C) Real accounts.
• D) Permanent accounts.
• E) Closing accounts.

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Definitions:

Bell

A bell is a hollow instrument that produces sound when struck, traditionally made of metal and used for signaling, calling, or making music.

Conditioned Response

A response that, through repeated pairings, is evoked by a formerly neutral stimulus.

Unconditioned Response

A naturally occurring response (e.g., salivation).

Operant Conditioning

A process of learning in which a behavior's force is altered through positive reinforcement or penalties.