Income and Expense Accounts Can Be Referred to As

question 12

Multiple Choice

Income and expense accounts can be referred to as:

• A) incurred accounts.
• B) temporary accounts.
• C) personal accounts.
• D) permanent accounts.

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Definitions:

Western District

A term often used to designate a geographic division in a state or country for judicial or administrative purposes.

Michigan

A state in the United States located in the Great Lakes region, known for its extensive freshwater coastline and automotive manufacturing industry.

Federal Reporter

A collection of case law from federal courts of appeal, used as references for legal precedent.

Citation

A reference to a source of legal authority, such as statutes, cases, or regulations, or the act of issuing a notice of violation to an individual.