Revenue and Expense Accounts Are Permanent (Real) Accounts and Should

question 58

True/False

Revenue and expense accounts are permanent (real) accounts and should not be closed at the end of the accounting period.

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Definitions:

Reinforcement Schedule

A plan or rule that determines how often a behavior is reinforced in operant conditioning.

Paycheck

A regular payment made by an employer to an employee, usually on a monthly or biweekly basis.

Variable Schedule

A variable schedule in the context of reinforcement refers to a procedure in which rewards are given at unpredictable intervals, influencing behavior.

Extinction

In psychology, the gradual weakening of a conditioned response when the conditioned stimulus is presented without the unconditioned stimulus.