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  3. Study Set
    College Accounting A Career Approach
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    Exam 12: Financial Statements, Closing Entries, and Reversing Entries
  5. Question
    Accounts Whose Balances Apply to One Fiscal Period Only Are
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Accounts Whose Balances Apply to One Fiscal Period Only Are

Question 21

Question 21

True/False

Accounts whose balances apply to one fiscal period only are called permanent accounts.

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