Real Accounts Are

question 30

Multiple Choice

Real accounts are:

• A) Another name for temporary accounts.
• B) Another name for permanent accounts.
• C) Closed at the end of the accounting period.
• D) Income statement accounts.
• E) Not shown on the balance sheet.

---

Definitions:

Flood-control Projects

Initiatives aimed at managing or preventing the overflow of rivers, lakes, or oceans, to protect land and property.

Economic Grounds

The basis or rationale for decisions and actions based on economic factors, such as cost, benefits, and economic efficiency.

Highway Programs

Government initiatives aimed at the construction, maintenance, and expansion of road networks for public use.

Public Good

A non-profit provision of services or products to the entirety of a society, facilitated by either public authorities or private parties.