Revenues, Expenses, and Withdrawals Accounts, Which Are Closed at the End

question 54

Multiple Choice

Revenues, expenses, and withdrawals accounts, which are closed at the end of each accounting period are:

• A) Real accounts.
• B) Temporary accounts.
• C) Closing accounts.
• D) Permanent accounts.
• E) Balance sheet accounts.

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Definitions:

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Investing Activities

Transactions that involve the purchase or sale of long-term assets and other investments, typically reported on a company's cash flow statement.

Cash Dividend

A distribution of a portion of a company's earnings to its shareholders in the form of cash.

Financing Activities

Transactions between a company and its investors or creditors related to equity and debt, including issuing shares and obtaining loans.