Permanent Accounts Would Not Include

question 61

Multiple Choice

Permanent accounts would not include:

• A) Cost of goods sold.
• B) Inventory.
• C) Current liabilities.
• D) Accumulated depreciation.

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Definitions:

Need-Satisfaction

The fulfillment of a consumer's desire or requirement for a product or service.

Deep Sea Oil Rigs

Large structures used in offshore drilling to explore for and extract oil and gas from beneath the seabed.

Need-Satisfaction

A sales method focusing on identifying and meeting the specific needs of the customer.

Transactional

Pertaining to the process of conducting business or commercial transactions, often emphasizing the exchange of goods, services, or funds.