menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 4: Completing the Accounting Cycle
  5. Question
    Revenues, Expenses, Withdrawals, and Income Summary Are Called ________ Accounts
Solved

Revenues, Expenses, Withdrawals, and Income Summary Are Called ________ Accounts

Question 163

Question 163

Short Answer

Revenues, expenses, withdrawals, and Income Summary are called ________ accounts because they are closed at the end of each accounting period.

Correct Answer:

verifed

Verified

temporary ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q158: The closing process resets _, _, and

Q159: Match the following definitions with the

Q160: A classified balance sheet organizes assets and

Q161: Which of the following errors would cause

Q162: The steps in the accounting cycle are

Q164: Closing entries result in the owner's capital

Q165: The following information has been gathered for

Q166: In the process of completing a work

Q167: Because it is a necessary financial statement,

Q168: Current assets and current liabilities are expected

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines