Multiple Choice
Accounts that relate to a limited period of time are called:
A) asset and liability accounts.
B) permanent accounts.
C) real accounts.
D) temporary accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q160: Why is the income statement prepared first
Q161: The basic defect of cash-basis accounting is
Q162: Sendik's Food Store has the following Adjusted
Q163: A company started the year with $200
Q164: Closing entries:<br>A)are made at the beginning of
Q166: The adjustment for an accrued revenue:<br>A)is necessary
Q167: The adjustments columns of the Trial Balance
Q168: On October 1,McReady Company paid six months'
Q169: In an unadjusted trial balance,the accounts are
Q170: All of the following accounts are closed