Examlex

Solved

Of the Following Six Accounts,which Ones Have Temporary Balances

question 143

Multiple Choice

Of the following six accounts,which ones have temporary balances?
(1) Service Revenue
(2) Dividends
(3) Salaries Expense
(4) Common Stock
(5) Retained Earnings
(6) Cash


Definitions:

Customer Section

A part of an accounting or sales software where information related to clients, such as transactions and contact details, is stored.

Receive Payments

The act of accepting monetary transactions from clients as compensation for provided services or products sold.

QBB File

A backup file format used by QuickBooks software to create secure copies of all accounting data, essential for data recovery and maintaining the integrity of financial records.

QuickBooks

An accounting software package developed and marketed by Intuit, designed for small and medium-sized businesses.

Related Questions