Multiple Choice
Which of the following accounts are temporary accounts that must be closed at the end of the year?
A) Assets, liabilities and withdrawals
B) Revenues, expenses and withdrawals
C) Assets, liabilities and capital
D) Revenues, expenses and capital
Correct Answer:
Verified
Correct Answer:
Verified
Q18: Depreciation expense is a temporary account.
Q19: A company has $45,600 in Current assets;
Q21: Please refer to the following information
Q22: A current ratio above 2.00 would indicate
Q24: What is the key distinction between current
Q25: Supplies expense is a temporary account.
Q26: In which of the columns of the
Q26: Revenues total $10,200.Expenses total $7,300.Withdrawals total $2,600.<br>-What
Q27: Please refer to the worksheet below.Adjusting entries
Q28: Please refer to the following information