menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 1
  4. Exam
    Exam 5: Completing the Accounting Cycle
  5. Question
    Income and Expense Accounts Can Be Referred to As
Solved

Income and Expense Accounts Can Be Referred to As

Question 29

Question 29

Multiple Choice

Income and expense accounts can be referred to as:


A) Permanent accounts
B) Real accounts
C) Temporary accounts
D) Deferred accounts

Correct Answer:

verifed

Verified

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

Related Questions

Q6: Which of these is not recorded on

Q25: On 1 January Y Company Pty Ltd

Q26: R_ entries are made on the first

Q27: The major purpose of a post-closing trial

Q30: Interim statements are:<br>A)Summary statements<br>B)Prepared by junior staff

Q32: Accounting entries made to reduce the temporary

Q33: The post closing trial balance contains only:<br>A)income

Q34: The post-closing trial balance should contain only

Q39: In the closing process which accounts are

Q44: Which statement relating to closing entries is

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