Solved

An Account with a Balance That Carries Over from One

Question 92

True/False

An account with a balance that carries over from one accounting period to another is a nominal account.

Related Questions

Q87: When equipment is purchased for cash, the

Q88: Debits are used to record increases in:<br>A)assets

Q89: The following information should be used for

Q90: When recording transactions in the T-accounts, the

Q91: Increases in assets and revenue are both

Q93: The ending capital balance appears on which

Q94: When the trial balance totals are not

Q95: A business purchases equipment costing $5,500. They

Q96: Which of the following entries records the

Q97: If a trial balance is not in