Balance Sheet Accounts Are Known As_____________ Accounts Because Their Balance

question 61

Multiple Choice

Balance sheet accounts are known as_____________ accounts because their balance at the end of one accounting period becomes their opening balance at the start of the next period.

• A) open.
• B) long-term.
• C) permanent.
• D) carry forward.

---

Definitions:

Alternative Medicine

Medical practices and products that are not part of standard medical care, often involving natural, holistic, or traditional methods.

Mainstream Medicine

Conventional medical practices and treatments that are widely accepted and practiced by the general medical community.

Scientifically Validated

Methods, procedures, or practices that have been tested through rigorous scientific research and have been proven effective or reliable.

Social Support

The help and comfort received from friends, family, and others, which can be crucial for mental health and overcoming stressful situations.