Multiple Choice
Which of the following is considered a permanent account?
A) Income Statement accounts
B) Balance Sheet accounts
C) All the choices are correct
D) None of the choices are correct
Correct Answer:
Verified
Correct Answer:
Verified
Q13: What are assets?<br>A)Net worth of a company<br>B)Resources
Q14: An example of a non-posting account is
Q15: To add a new account to the
Q16: Briefly explain the difference between a permanent
Q17: To re-sort the Chart of Accounts,first display
Q18: The different types of business ownership are:<br>A)Sole
Q20: A company's office furniture is classified as
Q21: Income Statement accounts are also called:<br>A)Equity accounts<br>B)Permanent
Q22: Which of the following increases owner's equity?<br>A)Dividends<br>B)Business
Q23: How do you access the screen to