The Accounts Receivable Account Is a Permanent Account

question 123

True/False

The Accounts Receivable account is a permanent account.

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Definitions:

Major Classes

Principal categories or groups into which items, organisms, or concepts are divided based on shared characteristics or properties.

Carbon

A nonmetallic chemical element with symbol C, atomic number 6, and is the basis of all known life on Earth, playing a critical role in the structure, biochemistry, and climate of our planet.

Atmospheric Layers

The divisions of Earth's atmosphere based on temperature gradients, including the troposphere, stratosphere, mesosphere, thermosphere, and exosphere.

Troposphere

The lowest layer of the Earth's atmosphere, where most weather phenomena occur.