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.

---

Definitions:

Labyrinth

A complex structure of connected paths or passages in which it is difficult to find one's way; metaphorically used to describe challenging situations.

Leadership Effectiveness

The extent to which a leader is able to achieve desired results, objectives, or influence over others.

Interpersonal Level

Pertaining to or involving relations between individuals or the interaction within or between groups of people.

Organizational Level

Pertains to the layer or tier within an organization, often classified into individual, group, or organizational-wide based on scope and impact.