Permanent Accounts

question 62

Multiple Choice

Permanent accounts:

• A)never have zero balances.
• B)have their balances zeroed-out at the end of each accounting year.
• C)do not have their year-end balance carried into the next year.
• D)Have their ending balance from one year become its begining balance for the following year.

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Definitions:

Semantic Barriers

Involve a poor choice or use of words and mixed messages.

Formal Channels

Official, established routes of communication or transmission of information within an organization.

Chain Of Command

The hierarchical structure within an organization that delineates authority, responsibility, and communication pathways.

Grapevine

An informal communication channel within organizations where information, often unverified or speculative, spreads quickly among employees.