Permanent Accounts Would Not Include

question 83

Multiple Choice

Permanent accounts would not include:

• A)Accounts Payable.
• B)Office Supplies.
• C)Utilities Expense.

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Definitions:

Readily Marketable

Assets that can be sold quickly and with minimal impact on their price due to their appeal to a wide range of buyers.

Operating Cycle

The average time that it takes to purchase inventory, sell it on account, and then collect cash from customers.

Short-Term Debt Investments

Investments made with the intention of earning a return on surplus cash that can be converted into cash within a short period, usually less than one year.

Securities Market

A financial marketplace where securities such as stocks and bonds are bought and sold, facilitating capital flow in the economy.