Multiple Choice
Accounts that are used to describe revenues,expenses,and owner's withdrawals,and are closed at the end of the reporting period,are:
A) Real accounts.
B) Temporary accounts.
C) Closing accounts.
D) Permanent accounts.
E) Ledger accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: The following items appeared on a December
Q9: Calculate the current ratio in each of
Q11: FastForward's post-closing trial balance has a debit
Q13: A company had revenues of $75,000,withdrawals of
Q14: The adjusted trial balance of Richardson Electric
Q17: If,in preparing a work sheet,an adjusted trial
Q34: Harley Ravidson's current assets are $400 million
Q73: The accounting cycle refers to the steps
Q81: The Unadjusted Trial Balance columns of the
Q108: Current assets and current liabilities are expected